CBRE CAPITAL MARKETS ARRANGES $7 MILLION INDUSTRIAL LOAN

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WINDSOR, CONN. — The Hartford, Conn., office of CBRE Capital Markets has arranged a $7 million loan for a 221,213-square-foot industrial building located at 550 Marshall Phelps Rd. in Windsor. Situated on approximately 29.75 acres, the building features approximately 84,000 square feet of office space, 6-inch reinforced concrete floors, and expansion capability for an additional 70,000 square feet. Michael Riccio and Christina Kubas of CBRE Capital Markets secured the loan on behalf of the borrower, 550K Marshall Phelps Road LLC, which is an affiliate of The DeMattia Companies. The lender was CIGNA Realty Investors. Terms of the financing include a 5-year term with a fixed interest rate.

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