RFR, a real estate firm, recently announced the refinancing and recapitalization of several important assets in New York. These include a prestigious office building located at 17 State St. in the Financial District, as well as prime retail properties at 670 Ave. of the Americas in Chelsea and 150 E. 72nd St on Manhattan’s Upper East Side.
These transactions were successfully completed by RFR at the end of last year despite challenging market conditions, adding to their impressive track record for that year.
One notable deal was the refinancing of 17 State St., which has been owned by RFR for over two decades. The company secured a three-year loan extension for this iconic Lower Manhattan tower spanning over half a million square feet; however, specific details about this refinance were not disclosed.
According to Aby Rosen, co-founder and principal of RFR: “Our commitment to holding onto our prized properties remains unwavering,and we are delighted to conclude our successful year with news about one among many deals that reaffirm our ownership of highly sought-after office and retail assets throughout New York.”
