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Triangle Freehold

Property Description

Property Description

Developer

Triangle Equities

Completion

2015

Project team

Architect: J. Randy Daniels Architects

Project profile

Recapitalization of a 62,000 SF distressed retail asset

Financing

$10M

Approval obtained

“Loan to Own” Strategy Triangle Equities Purchased with Cash & Debt

Summary

Located in the densely populated retail corridor of the Freehold Raceway Mall, 200-220 Trotters Way is a 62,000 SF center composed of two roughly 30,000 SF retail spaces. The property had been a distressed retail asset that Triangle Equities recapitalized, enabling not only the financing of site renovations but also tenant improvements for leasing and stabilization.

In exchange for recapitalizing the asset, Triangle Equities entered into a joint-venture with the property owners and received a preferred equity agreement and a controlling ownership stake. Triangle Equities achieved full lease-up and stabilization and exited the investment in 2019.

View Properties

Properties

  • Triangle Plaza Hub
  • Triangle Junction
  • Triangle Plaza I
  • Triangle Plaza II
  • The Arches at Cobble Hill
  • Bronx DMV
  • Whitestone DMV
  • Triangle Freehold
  • Parsons
  • Triangle Plaza – Bronx
  • Springfield Gardens DMV

30-56 Whitestone Expressway, Suite 300
Whitestone, NY 11354
| Tel. 718 463 5757
info@triequities.com

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