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JERICHO, NY-The We're Group, a private developer and owner of office buildings with holdings of approximately 3.5 million sf, secures approximately $201 million in refinancing on a number of properties on Long Island. The loans include the $95-million refinancing of the 1.1-million-sf Lake Success Quadrangle with Metropolitan Life Insurance. LSQ is the location of Canon's US headquarters.

M. Robert Goldman & Co. Inc., also based here, arranged all of the financing transactions. MRG says the reason for the refinancing was that LSQ's existing loan had an onerous prepayment provision and had to be structured as an additional tranche of debt above an existing balance.

A $30-million loan was placed through MRG's correspondent relationship with Aegon USA Realty Advisors on behalf of Monumental Life Insurance Co. covering One Huntington Quadrangle. The property comprises 365,322 sf in three wings and is part of the one-million-sf Huntington Quadrangle complex developed by We're Group in the 1970's. The 364,472-sf Two Huntington Quadrangle was financed through MRG's correspondent relationship with AIG Global Real Estate Investment Group on behalf of the Variable Annuity Life Insurance Co. The two sites were under going a transition in tenancy and were in the middle of extensive capital improvement programs partially caused by the relocation of Henry Schein Inc. to another We're property, according to MRG.