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PGIM Provides $150M Refinancing Loan for Greenwich Plaza in Greenwich, Connecticut

Greenwhich-plaza-ct

The loan will be used to redevelop the Greenwhich Plaza Train Station transport center.

GREENWICH, CONN. — PGIM Real Estate Finance has provided a $150 million refinancing loan for Greenwich Plaza, a two-building office complex located in Greenwich, a western suburb of Stamford. The Ashforth Co., which owns the property, plans to use proceeds from the refinancing for the redevelopment of the Greenwich Train Station transportation center. Originally developed by Ashforth in 1970, Greenwich Plaza comprises two four-story office buildings totaling 325,100 square feet. Tom Goodsite of PGIM Real Estate Finance led the transaction on behalf of the firm. Ken Ziebelman and Ethan Pond of Eastdil Secured arranged the financing.

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