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CushWake Lines Up Financing from Lightstone on Jamaica Site
Cushman & Wakefield advised Great Atlantic Construction Inc. in procuring $13.4 million in financing for two adjacent development sites in Jamaica, Queens. The bridge loan for the two sites at 89-25 and 89-26 162nd St. was provided by Lightstone Capital Markets.
A Cushman & Wakefield equity, debt & structured finance team of Preston Flammang, Jessica Ke and Anthony D’Amelio, with senior managing director Stephen Preuss of the New York middle markets investment sales team, represented Great Atlantic Construction.
“It was a pleasure working with both Great Atlantic Construction Inc. and Lightstone Capital on this financing,” said Flammang. “All parties worked diligently to get this done in the tight time frame allotted.”
89-25 and 89-26 162nd are situated blocks from the Jamaica Long Island Rail Road Station and the AirTrain to JFK International Airport, as well as the Parsons Boulevard and the Jamaica Center Subway Stations.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development
