Pyramid Management Group Secures Loan Extension for Holyoke Mall

SYRACUSE, N.Y. — Pyramid Management Group, one of the largest privately-held shopping-center developers in the Northeast, has successfully worked with its lender to secure a three-year extension for the loan on Holyoke Mall at Ingleside. This extension will allow Pyramid to continue to reinvest in the property and ensure its continued health, vibrancy, and success.

“The resilience and strength of our shopping centers, along with Pyramid’s continued efforts to reimagine, redefine, and enhance the guest experience, enabled us to successfully restructure and extend the loan,” said Stephen Congel, CEO of Pyramid Management Group. “We look forward to continuing that success over the coming years and remain committed to ensuring the health, vibrancy, and longevity of the center for decades to come.”

Holyoke Mall has been the Western Mass. region’s largest enclosed shopping center for more than 45 years. Anchored by Macy’s, JCPenney, Target, Hobby Lobby, and Best Buy, Holyoke Mall offers more than 150 retail shops, as well as restaurants like 110 Grill and Sumo Japanese Steakhouse and entertainment destinations Round 1, Billy Beez, and Altitude Trampoline Park.

Holyoke Mall is also a major employment driver in the area and an economic catalyst for the region. The property totals 1.6 million square feet, with more than 3,000 people employed by Pyramid and its tenants.