CB Richard Ellis arranges $4.7 million financing

Fairfield, CT CB Richard Ellis' Connecticut/Westchester office recently arranged $4.7 million in permanent financing for 1876 Black Rock Tpke., a 7,500 s/f retail center.

Bill Catanzaro of CBRE Capital Markets arranged the financing on behalf of Miro 1876 Associates, LLC.

1876 Black Rock Tpke. was razed in early 2007, redeveloped and completed in the fall of 2007. 1876 Black Rock Tpke. is now the home of Citibank and Cohen Optical.

The stretch of Black Rock Turnpike where the property is located is an ideal retail destination. In between the Merritt Parkway and exit 24 off I-95, this location has always attracted many retail neighbors due to high traffic.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, BusinessWeek named CB Richard Ellis one of the 50 "best in class" companies across all industries. Please visit our Web site at www.cbre.com.