Jeremy Shell
Principal
TF Cornerstone
(TF Cornerstone Group)
Owner
387 Park Ave S 7th Floor New York, NY 10016
TF Cornerstone NYC portfolio
$8.4 billion -elevator 66%, development 12%, office 9%; Manhattan 49%, Queens 33%, Brooklyn 16%*
16th largest portfolio by dollar value
12,893,326 sqft – elevator 80%, condo 6%, office 6%; Manhattan 52%, Queens 31%, Brooklyn 16%
29th largest by SF
42 properties – Manhattan 48%, Brooklyn 27%, Queens 23%
228th largest
11,857 residential units – Queens 43%, Manhattan 40%, Brooklyn 15%
11th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Other Links:
Person Activity past 24 months:
Buyer signatory: 2 for $159 million
Borrower signatory: 5 for $1.2 billion
Top Ten Associated Companies:
Wells Fargo (5), PNC Bank (3), M&T Bank (2), Pearl Realty Management (2), Prologis (1), Nationwide Life Insurance Company (1), NYS Housing Finance Agency (1), William F. Wallace (1), Brooklyn Hospital Center (1), Trinity Place Holdings (1)
Top Ten Associated People:
Wendy LeBlanc (2), Christian Adrian (2), Jack Guttman (2), Michael C. Beidelman (1), Thehbia Hiwot (1), Tara Suaya (1), Ryan Cawley (1), William F. Wallace (1), Gary G. Terrinoni (1), Clay Adams (1)
Recent activity as signatory:
• 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.
• 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.
• Pearl Realty Management sold 12 Noble Street for $144.1 million to TF Cornerstone on July 31, 2024.
• TF Cornerstone borrowed $115 million from Wells Fargo for 660 12th Avenue, Hell’s Kitchen, Manhattan on September 29, 2023.
• TF Cornerstone borrowed $418 million from Wells Fargo for 2-20 Malt Drive on January 11, 2023.
• TF Cornerstone borrowed $307 million from PNC Bank for 2-21 Malt Drive on January 11, 2023.
• TF Cornerstone borrowed $138 million from Wells Fargo for 46-15 Center Boulevard on December 01, 2022.
• TF Cornerstone borrowed $121.9 million from PNC Bank for 45-60 Center Boulevard on July 01, 2022.
• TF Cornerstone borrowed $35.5 million from Nationwide Life Insurance Company for 223 North 8 Street on April 27, 2022.
• Trinity Place Holdings and Pacolet Milliken sold 223 North 8 Street for $70.8 million to TF Cornerstone on April 27, 2022.
• TF Cornerstone sold 38-33 12 Street for $35 million to Prologis on November 03, 2021.
• TF Cornerstone borrowed $140.6 million from NYS Housing Finance Agency for 490 10 Avenue on October 07, 2021.
• TF Cornerstone borrowed $385 million from Wells Fargo for 629 Dean Street on June 24, 2021.
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)