AIG Provides $280M Refinancing for Mixed-Use Building in Brooklyn

Empire Stores in Brooklyn

NEW YORK CITY — AIG has provided a $280 million loan to refinance Empire Stores, a newly redeveloped retail and office building in the DUMBO neighborhood of Brooklyn. The six-story property, which is located at 55 Water St., is comprised of 377,929 square feet of office space and 65,082 square feet of ground-floor retail. Aaron Appel, David Sitt, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Jackson Sastri and Eliott Zeitoune of JLL Capital Markets secured the 15-year loan on behalf of the borrowers, Midtown Equities and HK Organization. Terms of the financing were undisclosed. 

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Webinars on Demand


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties