The Home Depot Shopping Center in Elmont, NY has recently secured a $23.5 million refinancing from Principal Asset Management by the Feil Organization. Located at 600 Hempstead Turnpike near the Cross Island Parkway, this retail center spans over 269,490 square feet and is home to major tenants such as Home Depot, Marshalls, and Target. The Feil Organization has owned this property since 1992 with a full occupancy rate.
According to Brian Feil, principal at the organization,”This deal highlights our ability to secure attractive financing despite current market conditions and reflects the high demand for well-positioned retail properties with strong tenants in Nassau County.” The transaction was facilitated by Estreich & Company on behalf of the Feil Organization.
The article “Feil Lands $24M Refi for Elmont Home Depot Shopping Center” showcases how successful real estate deals can be achieved even during challenging times through strategic partnerships between organizations like Principal Asset Management and established companies like The Feil Organization.
