Berezin of Infinity Real Estate brokers $1.13m sale of 55 State St., Springfield

April 21, 2011 - Front Section

55 State Street - Springfield, MA

Springfield MA Mark Berezin, CCIM, president of Infinity Real Estate Group, Inc. represented the sellers, Fifty Five State Street LLC, in negotiating the recent sale of 55 State St. Berezin also assisted the buyer in securing financing for this acquisition.
The buyer in this transaction is Briarwood Thirteen, LLC. The sale price for the 3 story, fully leased office building was $1.13 million. "We consider this superb commercial building one of the finest in downtown. There is simply no other modern property in closer proximity to the courts that features the unparalleled benefits of 55 State St.," said Lester Seidman, the managing member of Briarwood Thirteen. "Its prominence on the street, to the courts, its view from the highway, its parking lot and its interior layout makes it truly a one of a kind property. We are thrilled that this acquisition joins the portfolio."
To secure financing, Berezin called on the Holyoke Credit Union for this sale.
Dan O'Neill, senior vice president and commercial loan officer at the Holyoke Credit Union, said, "We have worked with Infinity Real Estate Group for many years in financing various projects. We are very pleased to be financing the acquisition of this high quality office building. It will enhance our existing commercial portfolio".
Berezin, said, "I am very happy to be able to facilitate this sale to Briarwood Thirteen LLC. The purchase of this trophy property continues the commercial diversity of their property portfolio."
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