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Avison Young Arranges Sub-Leasehold Mortgage for Navy Yard’s Green Manufacturing Center

Avison Young secured a $30-million sub-leasehold mortgage loan on behalf of an entity controlled by the Brooklyn Navy Yard Development Corporation (BNYDC) for the Green Manufacturing Center at the Bro

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Summary

Avison Young secured a $30-million sub-leasehold mortgage loan on behalf of an entity controlled by the Brooklyn Navy Yard Development Corporation (BNYDC) for the Green Manufacturing Center at the Brooklyn Navy Yard, a set of three buildings totaling 250,680 square feet of light industrial and ancillary office space.

Webster Bank provided the financing.

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