Muss Development

Muss Development lands $198M refi for Brooklyn office building CGA Capital is the lender for 350 Jay Street

Brooklyn Renaissance Plaza, Joshua Muss

Muss Development and HomeFed Corporation refinanced their leasehold on the office portion of Brooklyn Renaissance Plaza with a $198.3 million CMBS loan from CGA Capital, property records show.

The new mortgage, for which Wilmington Trust serves as trustee, replaces a $80.8 million loan from Bank of New York Mellon issued in 1996.

Muss first filed plans f上海贵族宝贝

or the mixed-use tower at 350 Jay Str上海夜网论坛

eet in Down上海千花网交友

town Brooklyn in 1983 but didn’t complete it until 1998. It includes 820,000 square feet of office space, a 667-爱上海

room Marriott hotel and a garage.

In a statement, Muss said that the o上海夜网论坛

ffice space is fully leased. Tenants include the Brooklyn District Attorney’s office, the New York City Employees’ Retirement System and the city’s Department of Education, which renewed its 64,340-square-foot lease last year. CGA declined to comment.

Muss is currently developing a large mixed-use project in Sheepshead Bay with AvalonBay Communities.1 Brooklyn Bay will rise 28 stories and feature 236 rental and condominium units spanning 260,000 square feet, as well as a commercial component of about 15,000 square feet. The projected sellout is $75 million.

Tags: cmbs, Commercial Real Estate, muss development, Real Estate Finance
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