TF Cornerstone
(TF Cornerstone Group)
387 Park Ave S 7th Floor New York, NY 10016
People:
TF Cornerstone NYC portfolio
$8.5 billion -elevator 65%, development 12%, office 9%; Manhattan 49%, Queens 33%, Brooklyn 16%*
18th largest portfolio by dollar value
12,893,326 sqft – elevator 80%, condo 6%, office 6%; Manhattan 52%, Queens 31%, Brooklyn 16%
30th largest by SF
42 properties – Manhattan 48%, Brooklyn 27%, Queens 23%
230th largest
11,857 residential units – Queens 43%, Manhattan 40%, Brooklyn 15%
11th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 4 for $333.1 million
Borrower company: 5 for $1.2 billion
Developer (new building or major alteration): 4 for 1,754,640 square feet
Top Ten Associated Companies:
Wells Fargo (8), PNC Bank (4), M&T Bank (3), Nationwide Life Insurance Company (1), TD Bank (1), Prologis (1), NYS Housing Finance Agency (1), Apple Bank for Savings (1), Brighthouse Life Insurance Company (1)
Top Ten Associated People:
Wendy LeBlanc (2), Christian Adrian (2), Michael C. Beidelman (1), William Mathews (1), Thehbia Hiwot (1), Tara Suaya (1), Ryan Cawley (1)
Recent activity as company:
• TF Cornerstone borrowed $7.1 million from TD Bank for 31-48 Steinway Street on July 16, 2026.
• TF Cornerstone borrowed $347.4 million from M&T Bank for 2-21 Malt Drive on October 31, 2025.
• TF Cornerstone for Bruce Weill filed plans for major alteration for 402,984 sqft in Midtown East, Manhattan, on October 24, 2025.
• TF Cornerstone for Bruce Weill filed plans for new building for 280,078 sqft in Chelsea, Manhattan, on September 16, 2025.
• William F. Wallace ground leased 137 East 57 Street valued at $159 million to TF Cornerstone on August 04, 2025.
• Brooklyn Hospital Center sold 155 Ashland Place for $0 to TF Cornerstone on August 01, 2025.
• TF Cornerstone borrowed $230.1 million from Wells Fargo for 525 10 Avenue on December 02, 2024.
• TF Cornerstone borrowed $204.9 million from M&T Bank for 46-10 Center Boulevard on November 27, 2024.
• TF Cornerstone borrowed $448.3 million from PNC Bank for None on November 25, 2024.
• Pearl Realty Management sold 12 Oak Street for $30 million to TF Cornerstone on July 31, 2024.
Latest Stories:
• TF Cornerstone advances 1,060-unit Greenpoint project with new ULURP filing (May 24, 2026)
• Fortress sues Charles Cohen seeking $28.3M in a alleged carry guaranty (March 17, 2025)
• TF Cornerstone signs $230.1M refi for 318-unit rental in Meatpacking District (January 03, 2025)
Properties: