"We were pleased to have come to terms with one developer on thesale of the entire portfolio," says Peter Brestovan, first VP ofUnited Bank's real estate services department, in a statement. MainState Ventures is partnership formed by Forstone Capital andSpinnaker Real Estate Partners, both Norwalk, CT-basedcompanies.
The nine properties in the portfolio are 167, 777, 189 and 211State St.; 779, 815, 855, 899 Main St.; and 830/880 Broad St. Thereis undeveloped space with these properties which Main State willlook to develop, Dunne tells GlobeSt.com. The market may precludeany certain delivery dates for this development, he explains.Patriot Bank was the lender
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
