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Meadow Partners Secures $40.8M Loan For Williamsburg Office Building

109 South 5th Street
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This Office property located in NY received a loan of $40,800,000 about 3 years ago.

Located at 109 South 5th Street in Williamsburg, this office property encompasses approximately 63,033 square feet. The transaction took place on February 12, 2021, with Maury Tognarelli & Jeff Kaplan sharing a photo on Instagram to commemorate the deal. The loan obtained for this property amounted to $40,800,000. Heitman Capital Management provided the loan, while Meadow Partners acted as the landlord. The property boasts an excellent location in the vibrant Williamsburg market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $40,800,000
  • Address: 109 South 5th Street
  • Market: Williamsburg
  • Asset Type: Office
  • Square Footage: 63,033

Maury Tognarelli & Jeff Kaplan shared a photo of the property on Instagram, capturing the essence of the deal. With Heitman Capital Management providing the loan and Meadow Partners serving as the landlord, the transaction involved key individuals and companies. This office property, conveniently situated in the Williamsburg market, stands as a significant investment opportunity.

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Deals
  • Location
    109 South 5th Street, South Williamsburg, Brooklyn, NY, USA109 South 5th Street, South Williamsburg, Brooklyn, NY, USA
  • Loan Value
    $40,800,000$40,800,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Lender1 Lender

Heitman Capital Management

Heitman Capital Management

Lender
Deals5
Volume$ 90.4B

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Deal Summary

LOAN IMAGE: Maury Tognarelli & Jeff Kaplan DATE: 02/12/2021 ADDRESS: 109 South 5th Street MARKET: Williamsburg ASSET TYPE: Office ~ SF: 63,033 LENDER: Heitman Capital Management LANDLORD: Meadow Partners LOAN AMOUNT: $40,800,000

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