CBRE Entities Arrange $127M in Financing Deals

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MOUNT KISCO, NY-CB Richard Ellis/Melody’s office here reports it has arranged bridge financing of $30 million on behalf of Diamond Properties LLC of Valhalla, the owner of 333 North Bedford Rd. here. The financing will help facilitate tenant improvements and other capital upgrades in connection with the conversion of the 574,600-sf flex/industrial/office building from single tenant to multi-tenant use.

In addition to that deal, CBRE’s New York Debt & Equity Group has arranged $97 million in financing on behalf of Treeline Franklin Avenue Plaza LLC, an affiliate of the Treeline Cos. and First Round Partners, in connection with the $98.7-million purchase of the four-building Franklin Avenue Plaza office complex in Garden City. As reported on GlobeSt.com, Franklin Avenue Plaza, a 520,000-sf complex, was sold to the Treeline/First Round Partners venture by New York City-based Cammeby’s International Ltd.