NEW YORK—HFF has arranged $81 million in financing for Jamaica Center, aproperty located at 15902 Jamaica Ave. in the Jamaica section of Queens. HFF worked exclusively on behalf of the sponsor, Mattone Group LLC, to secure the 10-year, fixed-rate loan with Jefferies Loan Core LLC with Robert Delitsky leading the HFF team.
Developed by Mattone Group in 2002, Jamaica Center is a retail center that includes a 15-screen, 3,300-set theater,space and parking garage. Currently 100 percent occupied, tenants at the center include Old Navy, Bally Total Fitness, K&G Fashion Superstore and Walgreens, among others.
“Throughout the years, Mattone Group LLC has done an outstanding job of developing commercial properties in the boroughs; Jamaica Center is a great example of this,” said Delitsky. “In addition, Jeffries LoanCore had the vision to recognize the property’s dominant standing in the marketplace.”