American Marconi Wireless News - Pyramid Management Group Secures Loan Extension for Sangertown Square in New Hartford, New York

Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the Northeast, has successfully secured a three-year extension for the loan on Sangertown Square in New Hartford, NY. 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.

"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," said Stephen J. Congel, Chief Executive Officer, Pyramid Management Group. "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."

Sangertown Square is the only enclosed shopping center within a 50-mile radius and serves a growing technology driven economy in the Mohawk Valley region. Anchored by Boscov's, Dick's Sporting Goods, Target and Home Goods, Sangertown Square offers over 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 a significant employment driver in the region, with 1,090 people employed by Pyramid and its tenants.

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About Sangertown Square

Sangertown Square is the Mohawk Valley's only enclosed shopping center enjoying a superior location in Oneida County, the geographic center of New York State. Located in the town of New Hartford, Sangertown is located just outside the nationally renowned six-million-acre Adirondack Park. The center is anchored by Boscov's, HomeGoods, Target and Dick's Sporting Goods and offers more than 50 retail shops and restaurants. For more information, visit www.sangertown.com.

About Pyramid Management Group, LLC

Pyramid Management Group is one of the largest, most innovative, privately held real estate developers in the Northeast. Headquartered in Syracuse, New York, Pyramid's portfolio of dynamic shopping, dining and entertainment destinations and expanding hospitality presence dominate the northeast with 9 properties located throughout New York and Massachusetts including Destiny USA (Syracuse, NY), Crossgates (Albany, NY) and Walden Galleria (Buffalo, NY). For over 50 years, Pyramid has built its reputation on being first, fast, ahead of the curve and always what's next, leading the industry in combining the best elements of traditional retail with world-class dining and entertainment, all under one roof. For more information, visit www.pyramidmg.com.

SOURCE: Pyramid Management Group

P.Santos--AMWN