48
HAUPPAUGE AND ISLANDIA, N.Y. — Meridian Capital Group has negotiated $50 million in permanent financing to refinance the Crossroads Office Portfolio in Hauppauge and Islandia. The Matrix Group was the borrower. Jeffries LoanCore LLC provided the 10-year CMBS and mezzanine financing package. The portfolio contains two adjacent office parks, Crossroads Corporate Center and Crossroads Executive Park, totaling 14 buildings and 392,000 square feet. The properties are located at 1363-1393 Veterans Memorial Highway in Hauppauge and 1707-1797 Veterans Memorial Highway in Islandia. The multi-tenant properties were constructed between 1984 and 1989. Tal Bar-Or, Judah Neuman and Kyle Kite of Meridian Capital Group arranged the financing.