DONE DEAL: Yonkers Council Man Anthony Merante’s UPS Protests Were Cute, But Planning Board Approval Helped Release The Big Bucks – By Brian Harrod

Alfred Weissman Real Estate has landed a $80 million refinance for its 435,000-square-foot warehouse facility at 555 Tuckahoe Road in Yonkers

YONKERS: Alfred Weissman Real Estate acquired 555 Tuckahoe Road in 1999 and sources say the property just got a big fat cash infusion from J.P. Morgan Asset Management. 

Alfred Weissman Real Estate focuses on opportunistic investments that are typically too small for large investors, and too large for small, independent investors.

Its current portfolio includes hospitality, retail and office properties.

The new round of financing retires a $69 million bridge loan provided by Invesco in March 2019

Invesco’s loan equipped Alfred Weissman Real Estate with flexible financing as the landlord re-tenanted the property with UPS, who has occupied the building since November 2019 been greeted by the Stop UPS Yonkers group. 

UPS located to 555 Tuckahoe Road, because it offers accessibility throughout the New York Metro area with direct access to the New York State Thruway, New England Thruway,Cross Westchester Expressway, Bronx River Parkway, Saw Mill River Parkway, Sprain Brook Parkway and Hutchinson River Parkway.