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100 Business Park Drive
FINANCED

Ackman-Ziff Real Estate Group Arranges $39.6M Construction Loan For Armonk Mixed-Use Property

100 Business Park Drive

Mixed-use
117,000 SF
clock iconFinanced 51 days ago
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Summary

Loan
NEW YORK
Mixed-use
117,000 sqft

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.

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Anthony Scavo's profile picture
Anthony Scavo
Basis Industrial-image
Chief Operating Officer/Partner
$47.6M Sold

Details

Deal Summary
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FINANCED
IMAGE: Anthony Scavo & Dan Weinstein DATE: 05/31/2024 ADDRESS: 100 Business Park Drive MARKET: Armonk ASSET TYPE: Mixed-use ~ New SF: 117,000 & Existing SF: 60,000 LENDER: Beach Point Capital LANDLORD: Basis Industrial BROKER: Anthony Scavo (@Anthonyscavojr) - Basis Industrial (@BasisIndustrial) FUTURE TENANTS: Sportime Pickleball & Extra Space Self-Storage LOAN AMOUNT: $39,600,000 LOAN TYPE: Construction LOAN TERMS: Construction, New Build & Existing Refinance, 36-months Interest Only NOTE FROM BROKER: Ackman-Ziff Real Estate Group and Anthony Scavo (@Anthonyscavojr) - Basis Industrial (@BasisIndustrial) arranged financing.

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