New York & Tri-State + Outer + Finance | January 17, 2019

CushWake Advises BRP in Jamaica Parcel Financing

Cushman & Wakefield advised BRP Companies in procuring $15 million in acquisition financing for 90-02 168th St., a development site in Jamaica, Queens. The interest-only financing was provided by Turnbridge Real Estate Credit Strategies.

A Cushman & Wakefield equity, debt & structured finance team of Preston Flammang and Anthony D’Amelio represented BRP.

“This project is going to be a fantastic addition to an already burgeoning neighborhood,” said Flammang. “It was a pleasure working with both BRP and Turnbridge on the financing.”

Located in the heart of downtown Jamaica, the site offers up to 738,000 buildable square feet of development potential. Plans were announced in the fall of 2017 for a three-building complex on the site that would include some 300 apartments along with 70,000 square feet of retail.

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Cushman & Wakefield's FlammangConnect With BRP

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).