Newmark arranges $90m refinancing for Aurora Capital, Midtown Equities and ACHS Management’s JV

240 Bedford Avenue, Williamsburg - Brooklyn, NY

Brooklyn, NY On behalf of a joint venture led by Aurora Capital Associates, Midtown Equities and ACHS Management, Newmark arranged the $90 million refinancing for 240 Bedford Ave., a 181,000 s/f class-A grocery-anchored mixed-use asset located in the Williamsburg neighborhood. The property is situated on the corner of North 4^th St. and Bedford Ave.

The property is anchored by blue-chip tenants, featuring Whole Foods, Equinox, Chipotle, Citibank, and T-Mobile. The property’s rent roll also underscores its stability with a WALT of over 12 years.

The Newmark team was led by Dustin Stolly and Jordan Roeschlaub, co-presidents of debt & structured finance, senior managing director Daniel Fromm, director Benjamin Kroll, and analyst Alexander Saslove. Apollo Global Management provided the loan.

240 Bedford is the Bedford Ave. L Train and local/express buses. The property has 176-ft. of frontage on Bedford Ave.; this visibility and accessibility have been instrumental in drawing tenants and their customers.

Tags: Brokerage

Reprint

Previous Story Next Story

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Lackawanna, NY Agri-Plastics, a global leader in the manufacturing of plastic products for agricultural, industrial, recreational, environmental, and home industries, has signed a 64,000 s/f lease to open a

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

Island Associates lease 1,050 s/f at Marion Oak Plaza

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Marcus & Millichap sells 17-unit multi-family for $8.8m

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Finance

Arrow R.E. arranges $220 permanent refinance for Lorimer House and Copper Lofts

Columns and Thought Leadership

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account