CBRE team lands $60M for Aviation Plaza deal.
"We delivered the most competitive terms available," stated Gunning. "The lender provided flawless execution which is essential for a 1031 exchange and borrower received some interest only and a sub 6% coupon."
The team provided Millbrook properties with permanent financing for $60 million dollars at an interest rate of 5.96%.
Situated on Route l&9, Aviation Plaza is a retail power center consisting of nine freestanding buildings.
The center was built in 2002 and expanded between 2005 and 2007.
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|Title Annotation:||FINANCE; CB Richard Ellis Debt & Equity Finance|
|Comment:||CBRE team lands $60M for Aviation Plaza deal.(FINANCE)(CB Richard Ellis Debt & Equity Finance )|
|Publication:||Real Estate Weekly|
|Article Type:||Brief article|
|Date:||Sep 17, 2008|
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