Downtown building leased by Goldman Sachs gets $45M refinance

TRD New York /
Nov.November 11, 2011 12:51 PM

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Clockwise from top left: Andrew Singer of the Singer & Bassuk Organization, 77 Water Street and Kathleen McSharry of the Singer & Bassuk Organization
The 26-story office building 77 Water Street in Lower Manhattan, which is net-leased in its entirety by financial giant Goldman Sachs, was refinanced with a
$45 million loan from AXA-Equitable.

The loan was arranged by the Singer & Bassuk Organization on behalf of the
building’s owners, the William Kaufman Organization and Travelers Insurance,
according to a statement from Singer & Bassuk.

The refinancing on the 600,000-square-foot building, located
between Gouverneur Lane and William Street, closed Oct. 21, according to
Singer & Bassuk CEO Andrew Singer, who negotiated the deal with
senior managing director Kathleen McSharry. The transaction has not yet appeared in
public records.

While Goldman leases the entire property, it does not occupy it. Tenants in
the nearly full office tower include office space firm the Regus Group, the William J. Clinton Foundation and
telecommunications company AT&T. — Adam Pincus


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