Real Estate Journal — August 29 - September 11, 2014 — 9A


M id A tlantic

M id A tlantic R eal E state J ournal Tropp &Merkin negotiate 5 year 4.56% fixed rate loan Eastern Union Funding arranges $14.5m in financing

R EAL E STATE J OURNAL themostcomprehensive source forcommercial realestatenews

2014 Conference Schedule


year. Through that meet- ing, we were able to arrange this phenomenal deal,” Tropp

The acquisition is a ma- jor landmark for Cohen In- vestment Group, a recently- launched company founded by industry veteran Hugh Cohen in August 2013. Cohen has a background in leasing, sales, investment, acquisition and mezzanine lending, and has completed over $500 million in leasehold transactions in the course of his career. “Working with David Mer- kin, Marc Tropp and Abe Bergman was very produc- tive,” Cohen said of the trans- action. “They helped guide us through the entire process.” n

Bethesda, MD — The Cohen Invest- ment Group purchased

September 18

NJ Apartment / Mulitfamily Summit



NJ Construction Summit

said. “What bet ter way to quantify the success of the show t h a n t h i s monumental purchase?” T o w n Point Center

a prominent building in the heart of Norfolk, VA, in a $14 . 5 million deal which closed Friday, Au- gust 1, 2014. Town Point



PA Apartment / Multifamily Summit

November 13

NNJ Retail & Restaurant Summit

December 11

NJ Real Estate Capital Markets Summit

For Speaking/Sponsorship information:

Marc Tropp

David Merkin

Linda Christman, Publisher/CEO Mid Atlantic Real Estate Journal Direct: 781-871-3456 lchristman@marejournal.com www.marejournal.com


is roughly 90 percent occupied by successful regional and lo- cal tenants, several of whom just exercised loan renewal options.

Center is a 131,259 s/f struc- ture located along Norfolk’s highly traveled office corridor. Finalizing the deal was a loan from two senior real estate professionals repre- senting the Maryland arm of Eastern Union Funding Marc Tropp and DavidMer- kin negotiated five year 4.56 percent fixed rate loan through a Wall Street lender. “We connected with Hugh Cohen , from the Cohen In- vestmentGroup , at the ICSC show in Maryland earlier this NorthMarqCapital’s Westchester office secures two transactions in NY WESTCHESTER, NY — Robert Ranieri , senior vice president/managing direc- tor of NorthMarq Capital’s Greater Westchester NY/CT regional office secured financ- ing for two transactions in New York, totaling a combined $6.875 million . Cedar Plaza: This 63,591 s/f office property, located at 20 Cedar St., New Rochelle, NY was refinanced at $6,000,000. The transaction was struc- tured with a 10-year term and 25-year amortization schedule. Northmarq Capital arranged financing for the borrower, Cedar Plaza Associates LLC through its relationship with a regional bank. Sidney Frank Importing Company is the major tenant of the property. North Salem Center: This 23,300 s/f mixed-use property, located at 56-62 June Rd., North Salem was refinanced at $875,000. The transaction was structured with a 7-year term and 30-year amortization schedule and was arranged for the borrower, North Salem Brothers Realty, LLC through NorthMarq’s relationship with a regional bank. Major tenants of the property include the US Postal Service and M&T Bank. n


Eastern Union Arranged Financing For

Mount Vernon Square Apartments Baltimore, MD $4,600,000

• Refinance • 7Year Term • Non-Recourse

Negotiated by MarcTropp 347-678-8491 Senior Managing Director Michael Obadia 202-617-3131 Vice President

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