SoHo office building lands luxury outdoor retail tenant, $50M loan

Excerpt from Crain’s New York Business: A recently renovated boutique office building in SoHo has landed a luxury outdoor apparel company as a tenant as well as a $50 million loan, the lenders have shared with Crain’s. 

Manhattan-based mortgage lender Maxim Capital Group, together with Sabal Investment Holdings — an investment management firm headquartered in California — and GDS Brightstar, the financing arm of Manhattan-based real estate firm GDSNY, closed this week on the $50 million loan for 114 Crosby St. The financing provides capital to allow for new tenants to move into the Class A property and outfit the space to feet their needs.

Read the full article here: https://www.crainsnewyork.com/real-estate/114-crosby-st-lands-arcteryx-tenant-and-50-million-loan