HFF Arranges $81 Million Loan for Jamaica Center

by Nate Hunter

New York — The property was developed in 2002.

New York  — HFF has secured $81 million in financing for Jamaica Center, a mixed-use property located in the Jamaica submarket of Queens. Mattone Group LLC developed the project in 2002. It includes a 15-screen theater with 3,300 seats, office space and a 375-space parking garage. The center is fully occupied by tenants including a National Amusements theater, Old Navy, Bally Total Fitness, K&G Fashion Superstore and Walgreens. Robert Delitsky of HFF secured the 10-year, fixed-rate loan on behalf of the borrower, Mattone Group LLC, through Jefferies Loan Core LLC. The State of New York through its Queens Education Opportunity Center leases the office portion of the property.

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