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TD Bank, BNY Lend $83M on GFP’s 100 Crosby St.
GFP Real Estate closed on an $83,000,000 loan from TD Bank and BNY for the refinancing of 100 Crosby St., a fully leased, six-story boutique trophy office and retail building in SoHo’s prime office and shopping district. Senior managing director Paul Talbot of Newmark represented GFP Real Estate in securing the loan. The new loan replaces a $100-million loan originated in 2015.
“We’ve owned this building for a long time, and it has consistently performed because of its location, its tenants and a disciplined approach to ownership,” said Jeffrey Gural, chairman of GFP Real Estate. “This refinancing is another example of that long-term strategy at work, and we’re grateful to TD Bank and the BNY for their longstanding support of the building as lending partners.”
100 Crosby St. maintains a diverse office tenant mix of finance-technology, venture capital and real estate sectors, along with several direct-to-consumer startups and creative event production agencies. Major retail tenants, which comprise one-third of the building’s tenancy, include American Eagle and Canadian fashion retailer Aritzia.
- ◦Financing
