CB RICHARD ELLIS ARRANGES $61 MILLION IN FINANCING FOR SWANSEA MALL

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SWANSEA, MASS. — Geoffrey Rice with CB Richard Ellis’ New York City group has arranged bridge financing in the amount of $61 million on behalf of Carlyle Swansea Partners LLC. The 2-year mortgage, provided by UBS Realty Investors LLC, will allow the owner to perform rehabilitation and retenanting efforts. Swansea Mall is a 700,000-square-foot, single-level property located near Interstate 195 and approximately 12 miles from Providence, R.I. Sears, Macy’s and Wal-Mart currently anchor the center. Wal-Mart is scheduled to complete a new superstore in place of its current store by mid-2008.

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