GE provides loan for Carlyle refi.GE Real Estate announced it provided a $13.45 million flexible fixed rate loan to the Carlyle Development Group, for the refinancing of Juniper Court, a retail property located in Center City, Philadelphia Center City is the "downtown" section of Philadelphia, Pennsylvania and by population, is the 3rd largest downtown in the United States. It is bounded by South Street to the south, the Delaware River to the east, the Schuylkill River to the west and either Vine Street or Spring . The three-year loan includes a $2 million earnout available if the property meets specified performance criteria. This was the first transaction between GE Real Estate and Carlyle, which is headquartered in White Plains, NY. The transaction was facilitated by 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) 1 Melody, the real estate investment banking division 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. . Today; the 82,500 s/f building has two tenants, West Elm West Elm is a retail chain that features contemporary furniture designs and other housewares. It is a subsidiary of Williams-Sonoma, Inc.. [1] By the end of 2007, West Elm plans to have 28 store locations open in the United States. , a home furnishings division of Williams-Sonoma, and Lucky Strike, an upscale bowling establishment. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion