Property & Building Corporation Ltd. (PBC) has successfully issued Secured Bonds on the Tel Aviv Stock Exchange to repay a $385 million loan from JP Morgan Chase for 10 Bryant, a highly sought-after Midtown office tower with an impressive occupancy rate of 99 percent.
Recent leases at the property include Generate Capital securing 32,421 square feet across two floors and Tilden Park Capital renewing their lease for 16,140 square feet on another floor. PBC’s rebranding efforts and building upgrades have solidified 10 Bryant as one of the top corporate addresses in the area. Notable tenants at this premier location include law firm Baker & McKenzie, Lombard Odier and Varadero Capital.
JLL’s Glickman is representing the building alongside Ben Bass, Kristen Morgan and Kate Roush. The leasing team for Generate Capital was led by Jamie Katcher, Emilie Goldman and Jon Moeller of Raise Commercial Real Estate Inc., while Silvio Petriello , Ben Friedland ,and Tamika Kramer of CBRE represented Tilden Park Capital.
This successful move by PBC demonstrates their commitment to financial stability while maintaining a high-quality property that continues to attract prestigious tenants in Midtown Manhattan.
