HFF Arranges $81M in Financing for Jamaica Center in Queens

NEW YORK—HFF has arranged $81 million in financing for Jamaica Center, a mixed-use property 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, office 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.”

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