The mixed-use property located at 100 Business Park Drive in Armonk encompasses a total of 177,000 square feet, with 117,000 square feet dedicated to new construction and 60,000 square feet designated for existing structures. The property is owned by Basis Industrial and is set to welcome future tenants Sportime Pickleball and Extra Space Self-Storage.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $39,600,000
• Address: 100 Business Park Drive
• Market: Armonk
• Lender: Beach Point Capital
• Landlord: Basis Industrial
• Broker: Anthony Scavo - Basis Industrial
• Future Tenants: Sportime Pickleball & Extra Space Self-Storage
• Loan Type: Construction
• Loan Terms: 36-months Interest Only, Construction, New Build & Existing Refinance

Ackman-Ziff Real Estate Group, in partnership with Anthony Scavo from Basis Industrial, successfully arranged the financing for this mixed-use property, facilitating a transaction amount of $39,600,000 with Beach Point Capital as the lender. The collaboration between these entities paved the way for the realization of this significant deal.