Cronheim Mortgage Arranges $70M Acquisition Loan for Long Island Shopping Center
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in November 2026: $1.2B across 11 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the ce…
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