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Pyramid Management Group Statement on Crossgates Loan Transaction

by Craig Richer
August 21, 2023
in Markets
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Pyramid Management Group, the largest owner and operator of enclosed shopping centers in New York State, confirms its continued ownership and management of Crossgates, the Capital Region’s premier shopping, dining and entertainment destination.

The following statement is attributed to Pyramid Management Group CEO Stephen J. Congel:

“This is business as usual for us. We have already been in touch with and are actively engaged in a constructive dialogue with our new lender group. We look forward to continuing to own and operate the shopping center and further its reputation as a hot spot for shopping, dining, and entertainment with newly added brands like Primark, which recently opened its first store in the Capital Region at Crossgates, along with several others slated for the future.”

Craig Richer

Craig Richer

Newsroom Editor

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