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PGIM Refis Manhattan Office-to-Storage Conversion With $57M Loan

A joint venture between Mequity Companies and Flatiron Equities Real Estate has sealed a $57 million loan to refinance an office-to-storage conversion project in Midtown Manhattan, Commercial Observer

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Summary

A joint venture between Mequity Companies and Flatiron Equities Real Estate has sealed a $57 million loan to refinance an office-to-storage conversion project in Midtown Manhattan, Commercial Observer has learned.

PGIM supplied the loan for the sponsorship’s transformation of 152 West 36th Street from a 51,853 square-foot Class C office building into a roughly 1,500-unit […]

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