Real Estate Weekly
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Debt & Equity

Lighstone lends on Jamaica project

Lightstone Capital Markets provided $13.4 million in financing for a development site in Jamaica, Queens.

Cushman & Wakefield served as advisor to Great Atlantic Construction in securing the loan for two adjacent sites, totaling 237,000 buildable square feet, located at 89-25 and 89-26 162nd Street (pictured top).

A Cushman & Wakefield Equity, Debt & Structured Finance team of Preston Flammang, Jessica Ke and Anthony D’Amelio, with Stephen Preuss of the New York Middle Markets Investment Sales team, represented Great Atlantic Construction.

“We are very happy to have worked with our sponsor in what will be the first step towards a revitalizing project for Jamaica, Queens,” added Jessica Ke.

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