9th Street Development Company Secures $22.425M Loan For Office Development In Kennett Square, PA

The property asset involved is located at 101 East State Street & 128 East State Street in Kennett Square, PA. This office asset has a total loan amount of $22,425,000. The loan is classified as a bridge lease up and construction type, facilitating the development and leasing process.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $22,425,000
• Landlord: 9th Street Development Company (9SDC)
• Landlord's Representatives: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors

Key individuals involved in this transaction include Robert Herrera and David Rinnier representing the landlord. The representatives from Arrow Real Estate Advisors played a crucial role in facilitating the transaction, ensuring that all parties were properly managed through the process.