C&WSG finances $240m for 48-property portfolio

Cushman & Wakefield Sonnenblick Goldman (C&WSG), serving as exclusive advisor to Gramercy Capital Corp. (GKK), has arranged financing for a 48-property portfolio comprised of 3.7 million s/f. The portfolio is being financed in connection with GKK's acquisition of American Financial Realty (AFR). PB Capital Corp. provided the $240 million LIBOR based facility. The C&WSG deal team included Mort Holliday, Alex Hernandez, Matthew Lembo and Russell Frahm.

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Redevelopment of former Lincoln Correctional facility commences

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