CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges $11.4M in Acquisition and Predevelopment Financing for Port Chester Main Street Development

Jayden Lapin-Tatman • 11/18/2022
Port Chester, NY – Cushman & Wakefield announced today that the real estate services firm has served as the exclusive advisor to The Hudson Companies in the procurement of $11,400,000 in acquisition and predevelopment financing for the Port Chester Main Street Development, a 1.1-acre site for mixed use development located at 27-45 North Main Street & Adee Street in Port Chester. The loan was provided by Provident Bank.

Cushman & Wakefield’s Equity, Debt & Structured Finance team of John Alascio, Chuck Kohaut, TJ Sullivan and Jason Blankfein represented the borrower in the transaction.

“Port Chester is a transit-oriented and vibrant city, with a growing number of renowned restaurants and cultural attractions,” said Alascio. “This development is ideally positioned to attract a wide array of residents looking to relocate to a dynamic downtown setting.”

The development site has approval for a six-story, 226,000-square-foot mixed-use development with 203 residential rental units, nearly 10,000 square feet of ground-level retail and commercial space and a community facility for the Human Development Services of Westchester. The development will also include structured off-street parking spaces.

The property is located minutes from Interstates 95 and 287 and offers direct access to Grand Central Terminal in under 40 minutes via the Metro-North Railroad New Haven Line.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

Interested in learning more?

Get in touch and we can assist with any additional information you need.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS