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Pyramid Management Group announces three-year loan extension on Walden Galleria

Walden Galleria
Posted at 12:39 PM, Jun 06, 2022
and last updated 2022-06-06 12:39:19-04

CHEEKTOWAGA, N.Y. (WKBW) — Pyramid Management Group, the owner of the Walden Galleria, has announced it worked with its lenders to extend the loan on the Walden Galleria for three years.

According to Pyramid, "the three-year extension of Walden Galleria’s loans allows Pyramid to continue to reinvest in the shopping center, ensuring its health, vibrancy and dominant positioning in Western New York."

The Walden Galleria totals 1.6 million square feet and has over 200 retailers, nine sit-down restaurants, a food court and Regal Cinemas theater. Pyramid Management and its tenants employ over 4,000 people.

“Walden Galleria emerged from the pandemic maintaining its position as the dominant retail and entertainment destination in the region. The resilience and strength of the shopping center, along with Pyramid’s continued efforts to reimagine, redefine and enhance the guest experience, enabled us to successfully extend the loan. 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."
- Stephen J. Congel, Chief Executive Officer, Pyramid Management Group