Guardian Realty Secures $42.5M Refinancing Loan For Office & Industrial Complex In Rosedale, Queens

Guardian Realty has secured a refinancing loan of $42.5 million from the Bank of Montreal for an office complex located in Rosedale, Queens. The complex consists of an office building at 133-33 Brookville Boulevard and an industrial parcel at 242-34 133rd Avenue. The total square footage of the office and industrial space is 260,000 square feet.

Summary of transaction details

• Property Type: Office & Industrial
• Transaction Amount: $42,500,000
• Address: 133-33 Brookville Boulevard & 242-34 133rd Avenue
• Market: Rosedale, Queens

The loan was facilitated by Michael Birajiclian from the Bank of Montreal, who served as the lender in this transaction. Chaim Simkowitz, representing Guardian Realty, acted as the landlord. The refinancing loan provides Guardian Realty with the necessary funds to continue operating and improving the office complex in Rosedale, Queens.