
March 10, 2010 -
Financial Digest
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.