FINANCED
First Citizens Bank Provides $19.5M Construction Loan For Holbrook Logistics Center In Long Island
4955 Veterans Memorial Highway
Development Site
108,023 SF
108,023 SF
Financed 316 days ago
Summary
Loan
NEW YORK
Development Site
108,023 sqft
A $19.5 million construction loan has been provided by First Citizens Bank for the development of Holbrook Logistics Center in Long Island, New York. The development site, located at 4955 Veterans Memorial Highway, spans 108,023 square feet and is owned by an affiliate of Eagle Cliff Real Estate Partners, represented by Paul Teti as the landlord.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $19,500,000
- Address: 4955 Veterans Memorial Highway
- Market: Long Island
- Broker: Jon Mikula & Michael Lachs - JLL
- Lender: First Citizens Bank
Holbrook Logistics Center benefits from its strategic location near Long Island's MacArthur Airport and convenient access to major highways, making it an attractive distribution center.
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Details
FINANCED
IMAGE: Michael Lachs, Paul Teti & Jon Mikula
DATE: 06/22/2023
ADDRESS: 4955 Veterans Memorial Highway
MARKET: Long Island
ASSET TYPE: Development Site ~ BSF: 108,023
LENDER: First Citizens Bank
LANDLORD: Affiliate of Eagle Cliff Real Estate Partners - Paul Teti
BROKERS: Jon Mikula & Michael Lachs - JLL
LOAN AMOUNT: $19,500,000
LOAN TYPE: Construction
NOTE: First Citizens Bank has provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island, New York. The 108,000-square-foot distribution center, being built by an affiliate of Eagle Cliff Real Estate Partners, benefits from its strategic location near Long Island's MacArthur Airport and convenient access to major highways.View on map
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Address4955 Veterans Memorial Highway
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