Braddish's summer hot streak continues with $54m closed.

Keith Braddish, a senior director in L.J. Melody & Company's New York City office, continues the year on a hot streak arranging a total of $54+ million in financings for five transactions involving office and retail properties nationwide, including four Tenant-In-Common (TIC) transactions.

In the first transaction, Mr. Braddish arranged an aggressive first mortgage loan in the amount of $16,300,000 for Roosevelt Plaza Shopping Center, a neighborhood/community shopping center strategically located in Northeast Philadelphia, Pennsylvania. Bear Stearns provided a 15-year, fixed rate loan priced over the 10-year treasury on behalf of The Cotswold Group of New Rochelle, New York. Roosevelt Plaza Shopping Center is anchored by a mix of tenants that includes David's Bridal Warehouse, Mattress Giant, Novacare, Wachovia Bank, Family Dollar, and Rent-A-Center.

The next four transactions arranged by Mr. Braddish were all Tenant-In-Common (TIC) transactions--TIC transactions have become an attractive investment option and capital solution in today's capital markets environment.

In the first two TIC transactions arranged on behalf of Cabot Investment Properties, LLC, acquisition financing was secured for two different properties: A competitive $13,160,000 three-year interest only loan, provided by Citigroup Global Markets Realty Corp., was arranged for Westar II, a newly constructed Class A office building located at 550 Polaris Parkway in Westerville, Ohio; and a $6,450,000 loan, provided by Greenwich Capital, was arranged for Cypress Creek Tower, a 62,476 square foot office property located at 800 West Cypress Creek Road in Ft. Lauderdale, Florida. The purchase of 550 Polaris Parkway adds another Class A office property on Polaris Parkway to Cabot Investment's portfolio--in 2004 they purchased 570 Polaris Parkway.

The last two TIC transactions were arranged on behalf of Western America Equities LLC, a real estate investment management firm with investments in numerous major metropolitan areas covering eleven states. In the first transaction, fixed rate financing in the amount of $9,550,000 was secured with Bank of America for Hot Rod Hill Automotive Center, a 65,563 square foot specialty retail property located on American Pacific Drive just down the street from the famous Valley Auto Mall in Henderson, Nevada.

In the second and final transaction, a fixed rate acquisition loan in the amount of $8,600,000 was secured with Citigroup Global Markets Realty Corp. for Mountain Park Plaza, a Fry's/Walgreens anchored shopping center located in the Baseline Corridor of Phoenix, Arizona.