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by Michael DeMasi

Schenectady, NY – Rotterdam Square Mall in Schenectady County, NY sold for $8.5 million, according to the president of the company who said he closed on the purchase last week.

Mike Kohan, president of Kohan Retail Investment Group on Long Island, said the deal for the 585,000-square-foot mall in Rotterdam, west of Schenectady, closed Jan. 15.

A bridge loan was provided by Emerald Creek Capital in New York City while permanent financing is sought, Kohan said.

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