Commercial Observer: Amherst Capital Lends $23M for Macy’s Store Repositioning in Nanuet, NY
Amherst Capital Management has provided $23 million in debt to a joint venture led by Metropolitan Realty Associates to reposition a former Macy’s department store in Nanuet, NY, Commercial Observer has learned. The three-year acquisition and construction loan went to MRA and its equity partner Angelo Gordon & Co. for the duo to redevelop the site, modernizing it in preparation for a Macy’s departure.
