(To read more on the debt and equity markets, click here.)
HARTFORD-The ownership of the Constitution Plaza complex herehas secured a $60-million refinancing deal with MetLife Inc.Capital Properties, which is headquartered in New York City,committed to a five-year, fixed-rate loan with lender MetLife onthe multi-building complex that includes two class A office towers.The loan, which included several years of par prepayment, was at arate below 6%, say officials with Meredith & Grew, whichbrokered the transaction.
The property, which was originally developed in the early 1960s,is situated on eight acres and includes an attached 1,650-spaceparking facility.
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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
