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NorthMarq Capital Arranges $32M Mortgage for Scarsdale Shopping Center

NEW YORK—NorthMarq Capital’s San Diego regional office has arranged first mortgage refinancing of $32 million for Midway Shopping Center in Scarsdale, N.Y.

Doug Austin, vice president of NorthMarq’s San Diego office, arranged the mortgage for the 246,981-sq.-ft. grocery-anchored retail property, which is located at 1001 Central Park Ave. Major tenants at the property include a 69,592-sq.-ft. Shop Rite, CVS, The Dress Barn, Capital One Bank, Starbucks and others.

Financing was based on a 15-year term with two five-year options to extend.

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