BGL Real Estate Advisors Completes the Development Financing for the Office Building at Valor Acres [Yahoo! Finance]
Huntington Bancshares Incorporated (HBAN)
Last huntington bancshares incorporated earnings: 4/23 07:30 am
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Source: Yahoo! Finance
pleased to announce the financial closing of the new, five-story Class A office building at the Valor Acres mixed-use development in Brecksville, Ohio. Civista Bank & Westfield Bank provided development financing. BGL's Real Estate Advisors team served as the exclusive financial advisor to the DiGeronimo Companies in this transaction. The DiGeronimo Companies pre-leased approximately 50% of the building to an institutional tenant prior to completion, highlighting early leasing momentum and tenant demand within the Valor Acres development. Valor Acres is a premier mixed-use development that resides in the heart of Northeast Ohio capable of accommodating a corporate campus, mixed-use residential, hospitality, and retail. Valor Acres is on the former site of the U.S. Department of Veterans Affairs Brecksville Hospital and conveniently located off I-77 in Brecksville, Ohio providing a new development opportunity between Cleveland and Akron. Valor Acres is home to the newly opened 60
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