Avison Young arranged a $147 million refinancing for the Class A office building at 255 Greenwich Street, further enhancing the legacy of Jack Resnick & Sons in New York's commercial real estate market.

Target Information

The target of this deal is 255 Greenwich Street, a prominent Class A office building located in the Tribeca neighborhood of New York City. Spanning over 600,000 square feet, this 14-story property features ground-floor retail space and ample parking, making it a significant asset in the area. Developed in 1987 by Jack Resnick & Sons, the building is positioned within the New Downtown, adjacent to the iconic World Trade Center, which enhances its visibility and attractiveness to potential tenants.

Jack Resnick & Sons, established in 1928, has maintained a legacy of excellence over three generations, cementing its reputation as a leading real estate company in New York. The firm’s diverse portfolio includes various commercial properties, and it has demonstrated a consistent commitment to quality and tenant satisfaction throughout its history.

Industry Overview

The commercial real estate industry in New York City remains robust despite fluctuating market conditions. With a focus on revitalizing urban centers, demand for Class A office spaces continues to thrive, particularly in prime locations like