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GARDEN CITY, N.Y. — New York City-based Meridian Capital Group has arranged $32.35 million in acquisition financing for 501 Franklin Avenue, a three-story office building located in Garden City. Situated on 8 acres, the building comprises 134,992 square feet, and also includes 550 parking spaces and its own Long Island Railroad station. The property is fully occupied by Doubleday Publishing Co. and Jet Blue Airways Corp. Abe Hirsch and Howard Abrams of Meridian arranged the financing on behalf of the borrower, Great Neck, N.Y.-based Jonis Realty. Terms of the financing include a fixed interest rate and a 5-year term.