RFR and Kushner Companies have successfully secured a 4-year extension on the $480 million loan for Dumbo Heights, a 750,000-square-foot mixed-use campus in Brooklyn. This prime location between the Manhattan and Brooklyn Bridges boasts major tenants such as Etsy and Brooklyn Laboratory Charter Schools. The site offers various retail experiences including health and wellness spaces, dining options, and lifestyle amenities.
In addition to securing the loan extension, RFR and Kushner Companies have also negotiated modifications to WeWork’s lease at 77 Sands Street. As one of the key tenants at Dumbo Heights, this modification solidifies WeWork’s continued presence within the campus.
The leasing process for Dumbo Heights is exclusively managed by Cushman & Wakefield’s experienced team of Remy Liebersohn, Jason Kroeger,and Robert Lowe. With its desirable location and diverse offerings for both commercial businessesand retail consumers alike,Dumbo Heights remains an attractive destination in New York City’s bustling real estate market.
