News Outside the Region: Cronheim Mortgage arranges $17 million for two Louisiana properties

Shreveport, LA According to Cronheim Mortgage, it has arranged $17 million in financing for two multifamily properties: Pier/Landing and Sherwood Place in Baton Rouge. Structured with 10-year terms at a fixed rate of 4.00% and 30-year amortizations, the financings were placed with the United States Life Insurance Co. and the Variable Annuity Life Insurance Co., on behalf of whom Cronheim acts as correspondent and servicing agent. Dev Morris, Andrew Tsukamoto, and Andrew Stewart originated and closed both loans.

The subjects are one- and two-bedroom garden apartment complexes. Both properties are owned and managed by the NYC-based Sachs Investment Co.

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Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Lackawanna, NY Agri-Plastics, a global leader in the manufacturing of plastic products for agricultural, industrial, recreational, environmental, and home industries, has signed a 64,000 s/f lease to open a

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

Island Associates lease 1,050 s/f at Marion Oak Plaza

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Marcus & Millichap sells 17-unit multi-family for $8.8m

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