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:
- Property Type: Office
- Transaction Amount: $35,000,000
- Loan Type: Preferred Equity
- Lender: Meadow Partners
- Landlord: Kensico Properties
- Brokers: Drew Anderman, Eddie Haber, Jared Fried & AJ Bruno - CBRE
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
Greenwich Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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