CIM Group And LIVWRK Acquire Office Property In Dumbo For $340M

Located at 25 Columbia Heights in the Dumbo neighborhood, an office property has recently undergone a closed transaction. The property was acquired by @CIMGroup and @LIVWRK. The deal involved a loan amount of $335 million provided by @JPMorgan @Chase.

Summary of transaction details

• Property Type: Office
• Address: 25 Columbia Heights
• Market: Dumbo
• Loan Amount: $335 million
• Landlord: @CIMGroup and @LIVWRK
• Lender: @JPMorgan @Chase

The individuals and companies involved in this transaction include Shaul Kuba, Andrew Matthias, Jonathan Gray, Marc Holliday, and Asher Abehsera. They played significant roles in the acquisition of the property. It is worth noting that back in 2016, when CIM, LIVWRK, and Kushner Companies acquired the property for $340 million, a loan of $375 million was provided by Blackstone and SL Green Realty.