Bank Of America Provides $72M Loan For Office Property In Melville

The office building located at 1 Huntington Quadrangle and 80 Baylis Road in Melville has been involved in a recent transaction. The property spans 551,000 square feet and falls under the office asset type.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $72,000,000
• Date: 02/22/2021
• Lender: Bank of America
• Landlord: Angelo Gordon & Co. and The WE'RE Group
• Brokers: Jordy Roeschlaub, Chris Kramer, Nick Scribani, Dustin Stolly, Ben Kroll, Adrie Moses-Bailey at Newmark

The deal involved several key individuals and companies. Chris Kramer, Brian Moynihan, Jordy Roeschlaub, Zachary Rechler, Dustin Stolly, Adam Schwartz, and Nick Scribani were captured in an Instagram photo related to the transaction. Additional parties include the lender, Bank of America. The landlords are Angelo Gordon & Co. and The WE'RE Group. Representing the deal were brokers Jordy Roeschlaub, Chris Kramer, Nick Scribani, Dustin Stolly, Ben Kroll, and Adrie Moses-Bailey from Newmark.