Square Mile Capital Provides $225M Loan For Development Site In Astoria

30-77 Vernon Blvd, Astoria, NY 11102, USA

$225,000,000

$61/SF

Building Size

3,665,280 SF

Asset Type

Development Site

Closing

Jul 23, 2020

AI

A development site located at 30-77 Vernon Boulevard in Astoria has recently closed a loan transaction. The loan amount for this transaction was $225,000,000, and the property measures 366,528 RSF. The lender involved in this deal was Square Mile Capital.

Summary of transaction details:

Property Type: Development site
Transaction Amount: $225,000,000
Address: 30-77 Vernon Boulevard
Market: Astoria
Lender: Square Mile Capital
RSF: 366,528

The landlords for this development site are Craig Wood and David Kronman, who represent Cape Advisors. The loan terms for this transaction include full-term interest-only payments. The brokers involved in this deal were Adam Hakim and James Murad from Meridian Capital Group.

Players