NEW YORK CITY — Houlihan-Parnes Realtors LLC has arranged a $20 million loan for the refinancing of 1775 Grand Concourse, a 300,000-square-foot mixed-use building in the Bronx. The mortgage covers a commercial condominium interest in the building that shares ownership with Verizon Wireless, which owns two floors. The remaining six floors have been converted to an indoor parking garage and retail and office space. Current tenants include Con Edison, Special Citizens Futures Unlimited, Inovalon SME Inc., Safe Horizon, The Bronx Lebanon Hospital Center, Public Health Solutions and Abbott House. Sam Jemal of JJ Operating Inc. and members of his family together with members of Houlihan-Parnes Realtors LLC, own the property. The property was acquired in February 2012 from Verizon. Kelly Houlihan Buckley and James Houlihan of Houlihan-Parnes Realtors arranged the financing.
132
previous post