CBRE Capital Markets arranges $4.3m in financing to assist in acquisition of Allentown Crossings III

Mike Riccio, CBRE Capital Markets


Christine Kubas, CBRE Capital Markets


Allentown Crossing III

Hartford, CT Mike Riccio, senior vice president and Christine Kubas, vice president of CBRE Capital Markets debt & equity finance division, has secured permanent, fixed-rate financing totaling $4.3 million on behalf of Griffin Land & Nurseries, Inc. The financing is to assist in the acquisition of Allentown Crossing III, a 120,000 s/f industrial building. The transaction was completed for Griffin Land. The ten year mortgage, featuring a 6.5% rate and a 25-year loan amortization schedule, was provided by NewAlliance Bank.

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