PCCP, LLC Provides $23.75 Million Senior Loan to Finance the Recapitalization of a Class A 228,000 SF Office Complex in Blue Bell, PA

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New York, NY – August 24, 2011 – (RealEstateRama) — PCCP, LLC announced today it has provided a $23.75 million senior loan to Bala Cynwyd, PA-based Keystone Property Group. The loan facilitated the recapitalization of a five-building Class A office complex totaling just over 228,000 square feet within Sentry Park West in Blue Bell, PA (suburban Philadelphia). Keystone Property Group acquired the property in 2004. Located at 1777 Sentry Parkway West, the asset is situated near two major thoroughfares, the Pennsylvania Turnpike and Interstate 476

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PCCP, LLC is a premier real estate private equity firm focused on commercial real estate debt and equity investments. PCCP has over $6 billion under management in multiple closed-end funds and joint ventures with institutional investors.  With 33 investment professionals and 55 employees across four offices located in New York, San Francisco, Sacramento and Los Angeles, PCCP invests throughout the United States.

Contact:

Los Angeles
222 N. Sepulveda Blvd.
Suite 2222
El Segundo, CA 90245

Phone: 310.414.7870
Fax: 310.414.7872

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