Brookfield Place retail debt cut by $60M to $265M, down from $325M in 2017

Brookfield Properties through the entity WFP Retail Co. L.P. as borrower signed a refi loan with lender Credit Suisse through the entity Column Financial, Inc. valued at $265 million for the retail at three office buildings including the office building (O4) at 225 Liberty Street in Battery Park City, Manhattan, office building (O4) at 200 Vesey Street in Battery Park City, Manhattan, and office building (O4) at 250 Vesey Street in Battery Park City, Manhattan.
The deal closed on July 14, 2021 and was recorded on July 27, 2021.

The signatory for Brookfield Properties was Ralph Toussie. The signatory for Credit Suisse was David Nemec.

The maximum loan total was reduced by $60 million or 18 percent from the maximum of $325 million provided in 2017. The outstanding loan at the time of the refinance was $300 million, the filings said.
Within a 400-foot radius of 225 Liberty Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
They were all for building rehabilitation or alteration that require a change to the certificate of occupancy. They were two permits with a total initial cost of $6.2 million. The most recent of these two items was the permit on June 17, 2021 for a 1,501,878-square-foot B building with 0 residential units at 200 Liberty Street.

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