CBRE | CAPITAL MARKETS ARRANGES $4.9 MILLION IN FINANCING FOR OFFICE
WOODBRIDGE, CONN. — The Boston office of CBRE | Capital Markets has arranged on behalf of the borrower, APCA Woodbridge, $4.9 million in acquisition financing for 1764 Litchfield Turnpike in Woodbridge. The 49,790-square-foot Class A office building is known as Woodbridge Corporate Center. Situated on a 7.95-acre lot, the multi-tenant building is 95 percent occupied and provides access to major transportation routes. Michael Prakken and Deborah Dalton of CBRE | Capital Markets secured financing for the borrower, an affiliate of Boston-based Ashforth Paradigm Capital Advisors. Equitrust Life Insurance Co. arranged the 5-year, fixed-rate, non-recourse loan.