Principal Financial Group Loans $32M to Refi Queens Shopping Center
An affiliate of Mattone Investors secured $32 million to refinance Springnex Plaza, a 96,028-square-foot shopping center anchored by a Stop & Shop supermarket in the Queens neighborhood of Springfield Gardens. Principal Financial Group provided the debt, while Northmarq’s Robert…
An affiliate of Mattone Investors secured $32 million to refinance Springnex Plaza, a 96,028-square-foot shopping center anchored by a Stop & Shop supermarket in the Queens neighborhood of Springfield Gardens. Principal Financial Group provided the debt, while Northmarq’s Robert…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate refinancing transaction with no novel structure or broader market implications, affecting a single property and lender.