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50 Mason Street

Kensico Properties Secures $35 Million Preferred Equity Loan From Meadow Partners For Pickwick Plaza
FINANCEDOffice

Kensico Properties Secures $35 Million Preferred Equity Loan From Meadow Partners For Pickwick Plaza

50 Mason Street

$35,000,000

$124/SF

Building Size

282,000 SF

Asset Type

Office

Closing

Dec 30, 2025

AI

The property asset involved is located at 50 Mason Street - Pickwick Plaza in Greenwich, CT. This office asset encompasses a total square footage of 282,000 and is associated with a loan amount of $35,000,000, classified as Preferred Equity.

Summary of transaction details:

The transaction features prominent brokers Drew Anderman, Eddie Haber, Jared Fried, and AJ Bruno, all of whom are affiliated with CBRE. They played a crucial role in facilitating the loan agreement for this asset.

Players

Drew Anderman

CBRE

Broker

$5.2B

vol

39 deals

Broker
CBRE
CBREBrokerage
Meadow Partners
Meadow PartnersLender

Greenwich Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93