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%*
14th largest portfolio by dollar value
12,889,926 sqft – elevator 80%, condo 6%, office 6%; Manhattan 52%, Queens 31%, Brooklyn 16%
28th largest by SF
41 properties – Manhattan 50%, Brooklyn 28%, Queens 21%
222th largest
11,857 residential units – Queens 43%, Manhattan 40%, Brooklyn 15%
9th 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: 4 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), Prologis (1), Nationwide Life Insurance Company (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), Thehbia Hiwot (1), Tara Suaya (1), Ryan Cawley (1)
Recent activity as company:
• 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 Noble Street for $144.1 million to TF Cornerstone on July 31, 2024.
• Pearl Realty Management sold 12 Oak Street for $30 million to TF Cornerstone on July 31, 2024.
Latest Stories:
• 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)
• TF Cornerstone signs $448.3M refi for 798-unit rental in Prospect Heights (December 03, 2024)
Properties: