Leser lands $120M refi for DoBro office building

Citigroup, Deutsche Bank replace GE Capital as lender on 111 Livingston
January 17, 2017 02:19PM

111 Livingston Street (Credit: Google Maps)

Abraham Leser’s Leser Group refinanced its Downtown Brooklyn office building 111 Livingston Street with a $120 million loan from Citigroup and Deutsche Bank.

The new mortgage refinances a $80 million CMBS loan originated by GE Capital in 2006, which matured on January 1.

The Brooklyn landlord bought the 23-story, 397,650-square-foot tower in 1995. One of its tenants is the New York State Workers Compensation Board.

In July, the Leser Group TRData LogoTINY raised $32.5 million in the Israeli bond market and in November it dished out $34 million for a 179-unit Bronx building. [CO]Konrad Putzier