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Brokerage
Posted: March 25, 2008
Grzebinski of RHG arranges $1.88m for 11,598 s/f drug store
According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the company has arranged $1.88 million in permanent financing for a newly built retail store located on 115 Oneida St. Thomas Grzebinski II, VP of RHG arranged the financing through a correspondent life insurance company that provided a 12-month rate locked forward loan commitment.
The 11,598 s/f development was completed in FY08 and is fully occupied by Kinney Drugs. The project has high visibility along Rte. 481, a major thoroughfare. A grand opening was held on Saturday March 1 with many residents, members of Kinney Drugs management team and elected officials in attendance.
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