Joyland Management secures $41.75 million in refinancing for South Shore Commons, a thriving retail center located in Staten Island, New York. The complex spans five buildings and boasts a total of 160,000 square feet with 50 occupied units. With an impressive physical occupancy rate of 98%, the majority of tenants are service-based businesses such as restaurants, medical offices, urgent care centers and childcare facilities.
Meridian’s Morris Betesh and Jack McPhail were instrumental in arranging this deal.
