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Posted: December 17, 2019
Houlihan-Parnes Realtors place $4.5 million for 55,264 s/f office property in Armonk
Armonk, NY Christie Houlihan, Bryan Houlihan, James Houlihan, and Andy Greenspan of Houlihan-Parnes Realtors, LLC placed $4.5 million in acquisition financing on the 55,264 s/f office building located at 28 Kaysal Court.
Houlihan-Parnes Realtors negotiated beneficial loan terms for GHP Office Realty. The fixed rate loan was placed with a local bank for a term of 14 years with the initial rate of 3.50% adjusting after the seventh year.
The value-add property is currently 81% occupied with six tenants, including CM Almy Inc., and Armonk Center for Dance. GHP Office Realty intends to invest capital and to improve its image/tenant exposure and the common areas.
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