100-Crosby-Street-Manhattan

GFP Real Estate Receives $83M Loan for Refinancing of Manhattan Office, Retail Building

by Taylor Williams

NEW YORK CITY — Local owner-operator GFP Real Estate has received an $83 million loan for the refinancing of 100 Crosby Street, an office and retail building in Manhattan’s SoHo neighborhood. The six-story, 175,000-square-foot building was originally constructed in 1884 and was fully leased at the time of the loan closing. Office users include Runway Growth Capital, Little Spoon, Shine Capital and Empire Entertainment, while American Eagle and Canadian fashion retailer Aritzia anchor the building’s retail component. TD Bank and BNY (formerly Bank of New York Mellon) provided the loan, which was arranged by Paul Talbot of Newmark.

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