NEW YORK, NY- January 15, 2019 — Cushman & Wakefield announced today that the firm served as the exclusive advisor to BRP Companies in procuring $15 million in acquisition financing for 90-02 168th Street 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 Companies.
“This project is going to be a fantastic addition to an already burgeoning neighborhood,” said Cushman & Wakefield’s Preston 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. The property is in a rapidly growing market with multiple new developments coming to the area including The Crossing at Jamaica Station and the Mary Immaculate Hospital Redevelopment. The area also boasts an abundance of retail options including Old Navy, Gap Outlet and The Home Depot. The property is easily accessible by the 169th Street Subway Station and multiple bus lines.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.