David Cronheim Mortgage Corporation

Real Estate Weekly, Jan 5, 2000

Andrew Stewart, executive managing director of David Cronheim Mortgage Corporation, has arranged permanent financing of $8.15 million for the Glenwood Plaza Shopping Center in Oneida, NY. The financing was placed with Cronheim Mortgage acting as a direct funding source for the borrower, Oneida Glenwood Associates.

Glenwood Plaza is located on 18.49 acres on the southwest corner of Routes 46 and 5. Constructed in 1989, the Plaza consists of 221,337 square feet. The Plaza is anchored by a PriceChopper, Big Lots, Sears Hardware and Eckerd Drug.

The Plaza is located in Oneida, NY, with the immediate area along Route 46 serving as a highly developed retail corridor for the community. The intersection at which Glenwood lies is highly trafficked and the Plaza itself is very accessible. Oneida is situated less than 20 miles from Syracuse and is approximately four miles south of the New York State Thruway, which provides rapid access west to Syracuse, Rochester and Buffalo and east to Albany and Boston. The subject is also near Oneida's Turning Stone Casino, Which provides significant growth potential for the immediate area.