L&L Holding Company

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L&L Holding Company NYC portfolio

$2.2 billion -office 100%; Manhattan 100%*

145th largest portfolio by dollar value

2,641,608 sqft – office 100%; Manhattan 100%

211th largest by SF

4 properties – Manhattan 100%

2389th largest

0 foreclosures, 0 bankruptcies, 556 other court cases.

Notes

At 114 Fifth Avenue, Columbia Property Trust and Allianz Real Estate each own 49.5%, while L&L retains its general partnership stake and will continue as the property management and leasing agent for this Midtown South building. (PIMCO bought Columbia and also owns Allianz.)

Top Ten Associated Companies:

Safehold Inc. (1), Samsung SRA Asset Management (1), MassMutual (1), KKR & Co. (1), Aareal Capital (1), Joshua Elstein (1), Sumitomo Mitsui Trust Bank (1), Credit Agricole (1)

Top Ten Associated People:

Joshua Elstein (1), Mario Barraza (1), Amadou M. Diop (1), Theodore M. Vandermel (1)

Recent activity as company:

• Tokyu Land Corporation, L&L Holding Company and BentallGreenOak borrowed $484 million from Sumitomo Mitsui Trust Bank for 111 East 55 Street on March 29, 2024.

• L&L Holding Company borrowed $160 million from Credit Agricole for 618 3 Avenue on March 02, 2023.

• L&L Holding Company sold 36-57 36 Street for $2.4 million to Joshua Elstein on December 15, 2021.

• L&L Holding Company borrowed $730.8 million from KKR & Co. for 263 11 Avenue on July 23, 2021.

• L&L Holding Company borrowed $92.5 million from Aareal Capital for 146 West 57th Street, Midtown West, Manhattan on March 25, 2021.

• L&L Holding Company borrowed $556.4 million from MassMutual for 111 East 55 Street on July 01, 2020.

• L&L Holding Company sold 207 Broadway for $275 million to Safehold Inc. on November 01, 2019.

• L&L Holding Company ground leased 207 Broadway valued at $475 million to Samsung SRA Asset Management on November 01, 2019.

• L&L Holding Company for William Potts filed plans for new building for 511,538 sqft in Midtown East, Manhattan, on September 18, 2013.

Latest Stories:

• Tokyu, L&;L, BGO sign $484M loan with Sumitomo Mitsui Trust in Midtown East, part of $911M deal (April 15, 2024)

• GDS, Sabal acquire Midtown West office tower Mitsubishi lost to Aareal, valued at $82.6M (March 27, 2024)

• L&;L Holding cuts debt on Murray Hill office building to $160M (March 07, 2023)

• L&;L, BentallGreenOak, Tokyu signs $467.5M refi loan with Blackstone, Otera, part of $911.4M financing (January 10, 2022)

• L&;L, Columbia Property sign $730.8M first mortgage refi loan with Blackstone for Terminal Warehouse in Chelsea (August 13, 2021)

• L&;L Holding cuts debt to $92.5M from Aareal for Met Tower office condo in Midtown West (March 31, 2021)

• L&;L Holding extends maturity date by year for $556M MassMutual construction at 425 Park in Plaza District (August 03, 2020)

• L&;L Holding Company files plans for $19M build-out at 425 Park in Plaza District (June 08, 2020)

• L&;L Holding files plans for $72M multi-floor build-out at 425 Park Avenue (June 03, 2020)

• iStar’;s Safehold Inc. pays $617M to Nuveen (formerly TIAA) for property in Plaza District (December 10, 2019)

Court Records:

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Properties:

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