Bridges Development Group Secures $34.65 Million Loan For Kingswood Center In Midwood Brooklyn

The Kingswood Center, located at 1630 East 15th Street in Midwood, Brooklyn, is a retail asset encompassing a total square footage of 228,615. An acquisition loan amounting to $34,650,000 has been secured for this property.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,650,000
• Asset Address: 1630 East 15th Street
• Market: Midwood, Brooklyn
• Landlord: Bridges Development Group
• Brokers: Scott Aiese & Alex Staikos - JLL
• Loan Type: Acquisition

The transaction involves key players, including the landlord, Bridges Development Group, and brokers Scott Aiese and Alex Staikos from JLL, who facilitated the deal. Their roles were crucial in representing the parties involved in this acquisition loan transaction.