78
NEW YORK CITY — CB Richard Ellis’ Capital Markets Group has secured $24 million in financing on behalf of the Hampshire Partners Fund VII, L.P. for the Pelham Bay Professional Center in the Bronx, New York City. The multi-use complex features 117,500 square feet of space, which is currently 100 percent leased to retail, medical office and commercial tenants such as Subway, CVS/pharmacy and Modality Radiology Facility. The loan was financed by Babson Capital Management LLC. Michael Sherman and Efrat Sharon of CBRE secured the financing for the borrower.