Jan
03
Financing Arranged for Brooklyn Office Building
ByMeadow Partners used the $50.2 million loan to acquire and renovate the six-story property at 57 Willoughby St.
57 Willoughby St. in BrooklynNew York—Meadow Partners has received $50.2 million in financing to acquire and renovate 57 Willoughby St., a six-story office building located in the center of downtown Brooklyn, N.Y., which was owned by Helen Keller Services For the Blind.
Square Mile Capital Management LLC secured the loan, which was brokered by Aaron Appel, Jonathan Schwartz, Michael Diaz and Matt Collins of JLL’s New York City office.
“This transaction provides us with the opportunity to further expand our foothold in Brooklyn and establish a lending relationship with Meadow Partners,” Sean Reimer, Square Mile’s vice president, said in a prepared release. “The downtown Brooklyn submarket is experiencing dynamic economic growth, favorable demographic trends and low vacancy rates.”…
Financing Arranged for Brooklyn Office Building
