83 East Avenue - Norwalk, CT

Norwalk, CT Houlihan-Parnes Realtors, LLC, celebrating 125 years of continuous professional service, has arranged a first mortgage in the amount of $2.75 million on a property located at 83 East Ave. The building is well located off I-95, Exit 16 and Rte. 7 and close to Norwalk Hospital, and the Norwalk Station of the Metro North Railroad – New Haven Line.  The property has undergone extensive tenant and capital improvements including a new lobby, bathrooms, elevators, landscaping, exterior lighting and painting.

The 40,000 s/f office and medical building is home to 25 tenants and is managed and leased by GHP Office Realty.

The 5-year loan was placed with a local bank at an interest rate of 3.75% with a 5-year option to extend. The loan was arranged by Andrew Greenspan and James Houlihan of Houlihan-Parnes Realtors, LLC. The title was arranged by Ray Cohen of Chicago Title. The borrower was represented by Christie Houlihan of Zuckerman, Gore, Brandeis and Crossman, LLP, as legal counsel.