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New York City — ABS Altman Warwick has arranged the $51 million refinancing of the Pergament Enterprises Mall, a 360,000-square-foot grocery-anchored power center in Staten Island.
Located adjacent to the 1.3 million-square-foot Staten Island Mall on Richmond Avenue, the center is anchored by Stop & Shop. ABS Altman Warwick arranged a 15-year, interest-only loan with a rate of 4 percent on behalf of the undisclosed borrower. The lender was a major life insurance company.