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Parent company secures loan extension for Walden Galleria

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The expansion will allow the company to reinvest in the mall and ensure its “health, vibrancy and dominant positioning in Western New York.”

CHEEKTOWAGA, NY — Pyramid Management Group, the parent company of the Walden Galleria, announced on Monday that it has been granted a three-year loan extension.

The expansion will allow the company to reinvest in the mall and ensure its “health, vibrancy and dominant positioning in Western New York.”

“Walden Galleria has emerged from the pandemic maintaining its position as the dominant retail and entertainment destination in the region,” Stephen J. Congel, chief executive of Pyramid Management Group, said in a released statement. “The mall’s resilience and strength, along with Pyramid’s ongoing efforts to reinvent, redefine and improve the customer experience, enabled us to successfully extend the loan. We look forward to continuing this success over the coming years and remain committed to ensuring the health, vibrancy and longevity of the center for decades to come.

The mall and its tenants employ over 4,000 people.

The Walden Galleria has added several new stores, restaurants, and entertainment businesses, including Urban Air Adventure Park, Aloha Krab, Street21, Bravo! Italian Food, Lovesac, and Offline by Aerie

They also plan to open a Five Below store soon in a 9,000 square foot space on the mall’s upper level, as well as Primark, an Irish international department store. Primark is expected to open early next year.