Newmark Arranges $90M Loan for Refinancing of Brooklyn Shopping Center

by Taylor Williams

NEW YORK CITY — Newmark has arranged a $90 million loan for the refinancing of a 181,000-square-foot shopping center located at 240 Bedford Ave. in Brooklyn’s Williamsburg neighborhood. The center is home to tenants such as Whole Foods Market, Equinox, Chipotle, Citibank and T-Mobile. Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Benjamin Kroll and Alexander Saslove of Newmark arranged the loan through Apollo Global Management. The borrower was a joint venture between Aurora Capital Associates, Midtown Equities and ACHS Management.

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