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Cit Provides $27.5M For Acquisition Of San Rafael Office Building

by benzinga.com posted 1week ago 10 views
NEW YORK, July 11, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) today announced that its Real Estate Finance division provided $27.5 million in financing for the acquisition of 4040 Civic Center Drive, a multi-story office building in San Rafael, Calif. The property, which was acquired by Innovatus Capital Partners LLC, is a five-story Class A office building encompassing more than 135,000 square feet of space. The building is certified as LEED Platinum for energy efficiency and sustainability. The building's tenant base is a diverse group across multiple business sectors including shipping, retail, law and government.

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