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Ginsburg Development, Robert Martin Secure Financing for Financial Center Redevelopment in White Plains

Avison Young Arranges $120M Loan
May 21, 2018
Ginsburg Development Companies LLC and Robert Martin Company LLC secured $120 million in acquisition and construction financing for its Westchester Financial Center at 50 Main St. and 1-11 Martine Ave. in White Plains, NY.

David Krasnoff and Ryan Flannery with the capital markets group at Avison Young arranged the financing on behalf of the borrowers.

Built in 1986 and 1987, the 14- and 16-story buildings will be redeveloped into residential apartments and office space complete with tenant business and fitness centers. Ginsberg Development and Robert Martin acquired the buildings for $83 million in March 2018, according to CoStar data.
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