Largo Closes $26 Million Loan for Grocery-Anchored Retail Center in Staten Island

January 14, 2026 – Staten Island, New York – Kevin Coscia of Largo Real Estate Advisors successfully closed a $26,000,000 loan secured by a grocery-anchored retail shopping center located in the Great Kills neighborhood of Staten Island.

The property totals approximately 99,897 net rentable square feet and is anchored by a new ShopRite operating under a long-term lease, complemented by a strong and diverse retail tenant mix. The financing reflects lender confidence in the asset’s stable cash flow and strategic location.

The plaza is well positioned near Staten Island University Hospital South, Great Kills Park, and several key thoroughfares, supporting consistent traffic and long-term retail demand. This transaction underscores Largo’s continued commitment to delivering tailored financing solutions for high-quality retail real estate assets.