RFR and Kushner Companies have successfully secured a 4-year extension on the $480 million loan for Dumbo Heights, a thriving mixed-use campus spanning 750,000 square feet in Brooklyn. In addition to this accomplishment, they have also made modifications to WeWork’s lease at 77 Sands Street, ensuring that the coworking giant remains a key tenant.
Situated between two iconic bridges – Manhattan and Brooklyn – Dumbo Heights encompasses four buildings: 55 Prospect Street, 81 Prospect Street, 117 Adams Street,and77 SandsStreet. This bustling hub is home to notable tenants such as Etsy and Brooklyn Laboratory Charter Schools.
Aside from its prime location and diverse range of tenants,the site offers an array of retail experiences including health & wellness spaces,dining options,and lifestyle amenities. Cushman & Wakefield’s Remy Liebersohn,Jason Kroeger,and Robert Lowe serve as exclusive leasing agents for this dynamic property.
This recent development marks yet another success story for RFRandKushnerCompanies in their efforts towards enhancing the commercial landscape of New York City.
