28 Kaysal Court, Armonk NY

October 2019 – Christie L. Houlihan, Bryan J. Houlihan, James J. Houlihan, and Andy Greenspan of Houlihan-Parnes Realtors, LLC, are pleased to announce the placement of $4,500,000 of acquisition financing on the 55,264 square foot office building located at 28 Kaysal Court, Armonk NY. Houlihan Parnes Realtors was successful in negotiating beneficial loan terms for GHP Office Realty. The fixed rate loan was placed with a local bank for a term of 14 years with the initial rate of 3.50% adjusting after the seventh year. The value-add property is currently 81% occupied with 6 tenants, including; CM Almy Inc., and Armonk Center for Dance. Now that GHP Office Realty has taken ownership they intend to invest capital and to improve its image/tenant exposure and the common areas.