Santa Fe Hotel Buys GE Tech Park for $62.6 Mil

GAITHERSBURG, MD-American Safety Financial Corp. helped out in the negotiations for the 51-acre site, which includes a 341,000-sf office building occupied by GE Information Services under a long-term lease.

By Wendy Watkins | April 05, 2001 at 01:01 AM

American Safety Financial Group is a subsidiary of Bermuda-based American Safety Insurance Group Ltd. Santa Fe Hotel, a wholly owned subsidiary of Santa Fe Gaming Corp., obtained a $55.4 million permanent real estate loan for the purchase.

American Safety Insurance Group, Ltd. is a specialty insurance and financial services company that, through its subsidiaries, develops, underwrites, manages and markets primary casualty insurance and reinsurance programs in the alternative insurance market for environmental risks and other specialty risks, and provides a broad range of financial services and products to middle market businesses.

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