NEW YORK CITY — Houlihan-Parnes Realtors has arranged a $52.5 million first mortgage loan for a 285,000-square-foot office and retail property located at 2501 Grand Concourse in the Bronx. The 10-year loan features interest-only payments. The former Alexander’s/Caldor’s department store was converted into a multi-tenant office and retail property in 2001. PC Richard & Son, Marshalls, Children’s Place, Capital One Bank, the City University of New York, the U.S. Social Security Administration and 1199 SEIU Health Care Training and Child Care Center are current tenants. Christie Houlihan, Bryan Houlihan and James Houlihan of Houlihan-Parnes Realtors arranged the loan for the borrowers, which include Samuel Jemal, members of the Jemal family, James Houlihan and members of Houlihan Partners.
Located at 2501 Grand Concourse in the Bronx, the 285,000-square-foot office and retail property is occupied by PC Richard & Son, Children’s Place, Marshalls, Capital One Bank and the U.S. Social Security Administration, among others.
Houlihan-Parnes Realtors Secures $52.5M Loan for 285,000 SF Office, Retail Building in the Bronx
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