Derby, Vt. and Wallingford, Conn. — Cronheim Mortgage has secured two loans totaling $9 million for the refinancing of shopping centers located in Vermont and Connecticut. National Realty & Development Corp. (NRDC) is the borrower. The properties include Shaw’s Plaza in Derby, Vermont, and Kohl’s Plaza in Wallingford, Connecticut. Built in 1968, Shaw’s Plaza totals 80,193 square feet. Shaw’s Supermarket anchors the property. Other tenants at the center include Dollar Tree and Maurice’s. Cronheim arranged a 10-year loan for the property.
Kohl’s and Aldi anchor Kohl’s Plaza, which totals 159,600 square feet. Other tenants at the property include Harbor Freight and Sally Beauty.
Brandon Szwalbenst, Dev Morris and Andrew Stewart of Cronheim arranged the loans on behalf of NRDC.