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New York & Tri-State  + Downtown New York  + Office  | 

$13M ReFi for Boutique Offices in SoHo

The boutique offices at 135 Bowery are now fully-leased after a 2016 redevelopment by Caspi Development and RWN Real Estate Partners. The partners have borrowed $12.5 million from BBVA Compass Bank to refinance the stabilized building in Manhattan’s SoHo neighborhood.

Built in 1900, the eight-story building includes ground floor retail occupied by a high-end restaurant, and open floor plates and 10-foot ceilings above. The 21,308-square-foot building also offers reclaimed wood details and private terraces for two of its suites.

Tenants include lola/VFX, Bullish, Tradewind, breather, Martin Lui & Associates, Minds+Assembly and RTS Ventures.

For comments, questions or concerns, please contact our New York commercial real estate editor Bendix Anderson

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