NEW HARTFORD, N.Y. — Pyramid Management Group on Thursday announced it has secured a three-year extension for the loan on Sangertown Square in New Hartford.
This extension will allow Pyramid to continue to reinvest in the property and “ensure its vitality, vibrancy and sustained success” in Central New York and the Mohawk Valley, the firm contended in a news release. It didn’t disclose financial terms.
“Sangertown Square has long been a strong performing center. Pyramid’s dedication to innovation and enhancing the guest experience, enabled us to successfully extend the loan on the shopping center,” Stephen Congel, CEO of Pyramid Management Group, said. “We are excited to build on this success in the years ahead and remain committed to ensuring the vitality, vibrancy, and dominance of Sangertown Square. We have great plans for the center and look forward to executing them.”
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Anchored by Boscov’s, Dick’s Sporting Goods, Target, and Home Goods, Sangertown Square offers more than 50 retail and entertainment venues including DSW, H&M, PiNZ, Billy Beez, Victoria’s Secret, and coming soon, Fun Hub Action Park.
Sangertown Square is an employment driver in the region, with 1,090 people employed by Pyramid and its tenants.
Based in Syracuse, Pyramid Management Group describes itself as one of the largest privately-held shopping center developers in the Northeast. The company’s portfolio also includes Destiny USA in Syracuse, Crossgates in the Albany area, and the Walden Galleria in suburban Buffalo.
