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$19m Home Depot deal.


CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 | Melody, the real estate banking arm of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , has arranged permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 in the amount of $19.5 million for a Home Depot Retail Store.

The Property, to be developed by the tenant, encompasses an approximate 25-acre tract directly across the Duncan Canal from Esplanade Mall. This infill site in densely populated eastern Jefferson Parish is bounded on the north by 32nd Avenue, on the east by Connecticut Avenue and on the south by the northern feeder road of Interstate 10.

Financing was arranged with New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Life Investment Management LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 and was tailored to accommodate the unique nature of the transaction. Due to the construction component, financing was secured for a twenty-five year, 6-month term, to allow an ample period of time for the tenant to construct its retail structure before the initial 25 year primary term of the lease commenced.

Geoffrey Rice, a director in CBRE | Melody's New York office, secured this financing on behalf of Kid's Kake, L.L.C.
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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Nov 1, 2006
Words:166
Previous Article:Wells going the extra mile to help employees.
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