Pyramid Management Group Secures $81M Loan For The Galleria At Crystal Run Reinvestment

The Galleria at Crystal Run, located at 1 Galleria Drive in Middletown, is a retail asset with a total square footage of 1,100,000. The property has secured significant financing amounting to $81,000,000, which will be utilized for reinvestments such as a remodel of Dick’s Sporting Goods and an expansion of Gold’s Gym.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $81,000,000
• Lender: GreenBarn, InterVest, Skylight & OakNorth Bank
• Landlord: Stephen Congel - Pyramid Management Group

The financing was arranged by the landlord, Stephen Congel, representing Pyramid Management Group, who is overseeing the reinvestment initiatives aimed at enhancing the retail experience at the property.