KeyBank Provides $17.2M Refinancing for Retail Center in New York

by Camren Skelton

Henrietta, N.Y. — KeyBank Real Estate Capital has provided a $17.2 million CMBS loan for the refinancing of Henrietta Plaza, a 250,000-square-foot shopping center in Henrietta.

William Cassidy of KeyBank arranged the 10-year, fixed-rate loan with a 30-year amortization schedule on behalf of the undisclosed borrower. The center was built in multiple phases in 1969, 1971, 1988 and 2012, and includes four single-story buildings. Henrietta Plaza is home to 20 tenants including At Home, Staples, Big Lots, Burger King, Starbucks Coffee, Five Guys, Dairy Queen and Subway.

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