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Simone Development lands $68.5M Refi for Throgs Neck Shopping Center

Natixis provided the debt

Throgs Neck Shopping Center (Credit: Simone Development)

Simone Development has secured $68.5 million to refinance its Throgs Neck Shopping Center in the Bronx from Natixis. The property is located at 815 Hutchinson River Parkway, according to CO.

Loan Details: The 10-year CMBS loan closed at 5.17 percent rate and features interest-only payments.

Property Info: The shopping center spans 300,000 SF of retail across four buildings. It’s anchored by Target and counts Mattress Firm, TJ Maxx and Famous Footwear as tenants.

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