JJ Operating Secures $39M Loan For Office Building In Downtown Brooklyn With Starwood Mortgage Capital

The property involved in this transaction is an office building located at 146 Concord Street in Downtown Brooklyn. It has a total area of 309,952 square feet. The loan was secured by JJ Operating, represented by the entity 40 Flatbush De Owner LLC, for a loan amount of $39,000,000. The lender for this transaction is Starwood Mortgage Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $39,000,000
• Address: 146 Concord Street
• Market: Downtown Brooklyn
• Lender: Starwood Mortgage Capital
• Landlord: Samuel J. Jemal - JJ Operating

Samuel J. Jemal, representing JJ Operating, and the lender, Starwood Mortgage Capital, were the key individuals and companies involved in this transaction. The loan from Starwood Mortgage Capital allows JJ Operating to proceed with their plans for the office building at 146 Concord Street.