New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Fully Leased Meatpacking District Mixed-Use Refinanced for $293M
Walker & Dunlop said Friday it arranged $293,200,000 to refinance 40 Tenth Ave., a 158,957-square-foot, mixed-use property in Manhattan’s Meatpacking District. Walker & Dunlop Capital Markets Institutional Advisory advised Aurora Capital and William Gottlieb Real Estate.
Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre arranged the fixed-rate, permanent debt refinancing from Corebridge Financial, Inc.
“40 Tenth Ave. stands out in building quality, location and experience, all elements that differentiate a property for tenants,” said Stolly. “The fully leased office component, institutional tenant roster and substantial outdoor space demonstrate the continued demand for high-touch, well-located workplaces in New York.”
Completed in 2019 and designed by Studio Gang, 40 Tenth Ave. includes 112,241 square feet of office space across floors three through 10 and 46,716 square feet of retail on the ground and second floors. Hyundai Motor occupies the property’s entire retail component, while office tenants include Starwood Capital Group, WestCap Management, RTW Investments, Stripes and Checkout.com.
- ◦Financing
