Morris and Stewart of Cronheim arrange $9.5 million in acquisition financing

Dev Morris and Andrew Stewart of Cronheim have arranged acquisition financing in the amount of $9.5 million for a 172,005 s/f distribution facility. The 14-year fixed-rate loan was placed with Variable Annuity Life Insurance Co. (AIG), whom Cronheim represents as correspondent and servicing agent. The subject property, originally constructed in 1999, is a single-tenant, distribution facility. Centrally positioned within Detroit MSA, the facility is located one mile from the crossroads of I-96 and I-275 in an industrial park that is occupied by a number of credit tenants. The subject encompasses a total of 172,005 s/f of net rentable area, 164,005 s/f of which are utilized as distribution space. The Subject is a class A building with 31' clear ceiling height and over 60 docks.

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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.

Atlantic Capital Partners sells 893 Bdwy. 25,442 s/f office/retail building for $31 million

Atlantic Cap. Ptrs. sells 893 Bdwy. 25,442 s/f office/retail bldg. - $31m

Koeppel Rosen closes 18,200 s/f lease expansion/extension with Fenwick & West at 902 Bdwy.

Koeppel Rosen closes 18,200 s/f lease with Fenwick & West at 902 Bdwy.

SL Green Realty signs Kohlberg to 18,820 s/f at 500 Park Ave.

Houlihan Lawrence Commercial sells 1,600 s/f retail - $735,000

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