MADISON REALTY CAPITAL PROVIDES $64.0 MILLION CONSTRUCTION FINANCING FOR 200 KENT AVENUE DEVELOPMENT IN WILLIAMSBURG, BROOKLYN

Experienced Local Developer Taps MRC for Construction Loan on Grocery-Anchored Mixed-Use Project Located on Full Block Site in One of New York’s Most Exciting Neighborhoods

NEW YORK, Nov 20 (Bernama-BUSINESS WIRE) -- Madison Realty Capital (MRC) announced the closing of a $64.0 million construction loan for 200 Kent Avenue, a 117,326 square foot mixed-use development located in Williamsburg, Brooklyn. The retail portion of the property, which will include over 600 feet of frontage, will be anchored by a popular national grocery chain. Overall, the project will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, and 45,170 square feet of parking.

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