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C&W arranges $28M in financing for office building.


Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models
Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck)
 & Wakefield Wakefield, estate, United States
Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the

George Washington Birthplace National Monument (see National Parks and Monuments, table).
 Sonnenblick Goldman Gold·man   , Emma 1869-1940.

Russian-born American anarchist. Jailed repeatedly for her advocacy of birth control and opposition to military conscription, she was deported to the Soviet Union in 1919.
, as exclusive advisor to Juster Development Company, has arranged the $28 million acquisition financing for 100 & 120 White Plains Road in Tarrytown, N.Y. The fixed rate mortgage was provided by a life insurance company.

Built in 1984 and known as the Christiana Building, 120 White Plains Road is a Class A, six-story, 203,739-square-foot office building set on nine acres of beautifully landscaped grounds. 100 White Plains Road is a four-story, colonial-style mansion MANSION. This term is synonymous with house. (q.v.) 1 Chit. Pr. 167; 2 T. R. 502; 1 Tho. Co. Litt. 215, n. 35; 9 B. & C. 681; S. C. 17 E. C. L. R. 472, and the cases there cited; Com. Dig. Justices, P 5; 3 Serg. & Rawle, 199.  that was originally constructed in 1927 as a residential home and converted to an office building in the early nineties. The buildings are approximately 98 percent leased.

Located less than a half mile from Interstate in·ter·state  
adj.
Involving, existing between, or connecting two or more states.

n.
One of a system of highways extending between the major cities of the 48 contiguous United States.

Noun 1.
 287, the property benefits from easy access to downtown White Plains, Manhattan, Greenwich, Conn. and Rockland County, N.Y.

"Although the credit markets are challenging, strong sponsors and high quality assets still attract capital," said Steve Kohn, president and principal of Cushman & Wakefield Sonnenblick Goldman. Kohn, along with Alexander Hernandez, senior director, and Chris Moyer, analyst, arranged the financing.

The sale was arranged by Cushman & Wakefield's Metropolitan Area Capital Markets Group.
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Title Annotation:FINANCE
Comment:C&W arranges $28M in financing for office building.(FINANCE)
Publication:Real Estate Weekly
Date:Dec 10, 2008
Words:184
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