CBRE CAPITAL MARKETS ARRANGES $10.5 MILLION INDUSTRIAL LOAN

WINDSOR AND EAST GRANBURY, CONN. — CB Richard Ellis (CBRE) Capital Markets has arranged $10.5 million in financing for a four-building industrial portfolio. The four properties total 239,902 square feet and are located within New England Tradeport, a 600-acre, master-planned business park situated in the towns of Windsor and East Granbury. The four buildings were constructed between 1978 and 2008, and are owned by Griffin Land. Mike Riccio and Christine Kubas of CBRE Capital Markets’ Hartford, Conn., office secured the loan. The mortgage has initial proceeds of $8.5 million but can be funded up to $10.5 million. It carries a 10-year term with a 25-year amortization schedule and a 6.58 percent fixed interest rate. The lender was Peoples United Bank.