REBusinessOnline

ALLSTATE REAL ESTATE PROVDIES $42 MILLION LOAN

PHILADELPHIA — Allstate Real Estate’s Commercial Mortgage division has provided $42 million in refinancing for the Convention Center Garage in Philadelphia. Thomas Maher of Wachovia Maher Partners arranged the financing for the borrower, Parkway Corp., on behalf of Allstate. The nine-story facility features 862 parking spaces with 29,000 square feet of ground floor retail space that if fully leased to four tenants.

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