Barclays & Citigroup Provide $350M Loan For Melville, Long Island Office Properties

Located in Melville, Long Island, the property involved in this closed transaction is an office asset situated at 2 Huntington Quadrangle, 6 & 8 Corporate Center Drive. The property has a loan amount of $350,000,000 and is owned by Angelo Gordon & We’re Group, represented by Tony Fromer. Barclays and Citigroup served as the lenders for this transaction.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $350,000,000
• Address: 2 Huntington Quadrangle, 6 & 8 Corporate Center Drive
• Market: Melville, Long Island
• Landlord: Angelo Gordon & We’re Group - Tony Fromer
• Lenders: Barclays & Citigroup

The collaborative efforts of lenders Barclays and Citigroup facilitated the financing for this office asset. The property is owned by Angelo Gordon & We’re Group and represented by Tony Fromer, their broker representative. This transaction highlights the significance of strong banking partnerships in the commercial real estate sector.