L.J. Melody & Co., the real estate investment banking arm of CB Richard Ellis, has arranged acquisition financing in the amount of $2.2 million for 4 Revay Road, an office/warehouse building located in East Windsor. The loan, arranged on behalf of 4 Revay LLC, was provided by The Canada Life Insurance Company of America.
The property, which was constructed in 1981 and expanded in 1986, is situated on a 7.57-acre site in East Windsor Industrial Park, located just off Interstate 91. A single tenant, engaged in the logistics business, fully occupies the 80,792-square-foot property, which offers office space on the ground floor and a warehouse area with 22-foot-high ceilings.
Tim Harwood, assisted by Bill Catanzaro, both of L.J. Melody’s Stamford office, secured financing for the transaction.
“The borrower selected Canada Life due to its competitive interest rate, ability to lock rate at application and commitment to close the loan within the time frame of the purchase-and-sale agreement,” Harwood said.
L.J. Melody & Co. offers a broad range of financing services and funding options through its relationships with numerous lending sources. In 2004, the firm generated more than $13.3 billion in real estate financing transactions, and currently maintains a servicing portfolio of more than 8,000 loans totaling $61 billion through its affiliate, GEMSA Loan Services LP. The firm operates offices in 35 major metropolitan markets in North America.
Expo Center Director Named
Victor J. Dellaripa Jr. has been named executive director of the Connecticut Expo Center.
Dellaripa brings 25 years of experience in the sports, entertainment and consumer show industry to his new role as executive director of the Hartford facility. His professional career history includes supervisory oversight of the opening and ongoing management the Citywide Field House for the City of New Haven and facilities services for the recently opened Palace Theater in Waterbury.
Dellaripa’s previous experience includes his role as executive director of the O’Neill Center at Western Connecticut State University and various positions with industry leaders SMG, Ogden Entertainment and Madison Square Garden. Under his direction, venues managed by those companies have offered concert, sports, trade, family entertainment and consumer shows.
“Mr. Dellaripa is happy to be joining Konover Hotel Group in leading the Connecticut Expo Center into the next generation of successful consumer shows and events for the Hartford region,” said Peter H. Mason, division director for Konover Hotel Corp.
The Connecticut Expo Center is an 88,000-square-foot exhibition hall managed by Konover Hotel Corp., a Konover Properties Corp. company. Konover Properties develops, builds, acquires, manages and owns real estate across many market segments, including hotels, office and commercial, retail, mixed-use, residential and specialty properties. Based in West Hartford, Konover Properties operates throughout the eastern United States. It owns and manages 4,000 residential apartment units, more than 1.4 million square feet of office and commercial space and numerous hotels throughout New England.
West Haven Deal Completed
William N. Clark, senior vice president at The Geenty Group, Realtors, in Branford, recently completed the lease of an 896-square-foot office unit at 375 Morgan Lane in West Haven, located in the Twelve Oaks Business Park.
Clark represented both the tenant and landlord in the transaction. The landlord is John C. D’Amato Jr. & The LAD Trust. The tenant is Giuseppe Morfea, branch manager for New England Merchants Corp., a mortgage broker with offices in Massachusetts, Connecticut and Rhode Island.
