Matthew Whalen Of Cord Meyer Development Company Secures $42.5M Loan From Webster Bank For Office Properties

The asset involved in this transaction is an office property with a total square footage of 139,230 located at 108-18 Queens Boulevard in Forest Hills and 51-31 Northern Boulevard in Woodside. The transaction secured a loan amount of $42,500,000, facilitated by Webster Bank in the Queens market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $42,500,000
• Lender: Webster Bank
• Landlord: Matthew Whalen - Cord Meyer Development Company
• Address: 108-18 Queens Boulevard & 51-31 Northern Boulevard
• Market: Queens
• Asset Size: 139,230 SF

This deal was managed by Matthew Whalen, representing Cord Meyer Development Company, demonstrating their involvement in securing the substantial financing for the two properties in the Queens area.