ANGELIC ARRANGES $9.6 MILLION ACQUISITION FINANCING FOR OFFICE PROPERTY

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BRISTOL, PA. — New York-based Angelic Real Estate has arranged a $9.6 million loan for the acquisition of Island View Crossing, an office building in Bristol. Located along the Delaware River northeast of downtown Philadelphia, the 180,000-square-foot property is currently leased to Lenox and Strategic Distribution, among others. The property was converted from a soap factory into an office building. Gabriel Silverstein and Louis D’Lando of Angelic led the financing team, which secured the loan. The undisclosed borrower plans to upgrade the building’s common areas and amenities.

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