Plaza at the Pointe
CB Richard Ellis Partnered with Both the Seller and the Buyer to Facilitate a $14 Million Sale |
 |
The Challenge |
To arrange the sale and develop financing options for Plaza at the Pointe, a retail center in North Fayette Township, Pennsylvania. |
|
The Solution |
L.J. Melody & Company was seeking refinancing opportunities for the owner of Plaza at the Pointe and CB Richard Ellis had identified a prospective retail buyer. L.J. Melody found that adequate dollars for refinancing the property for the original developer were not attainable in the current financing market; therefore, the owner decided to sell the property. CB Richard Ellis brought the buyer to the table, and L.J. Melody then secured long-term financing in the amount of $14,375,000.
The end result was a smooth and profitable transaction for all parties involved.
|
|