Jack Resnick & Sons secures $85M to refi 315 Hudson Street

JPMorgan Chase is the lender for the 10-story office building

Feb.February 21, 2017 11:30 AM

Jack Resnick & Sons locked down $85 million to refinance its office building at 315 Hudson Street.

JPMorgan Chase Bank provided the funding, according to property records filed with the city Tuesday. The loan includes a new $50 million mortgage and replaces a $35 million loan, issued in 2007 by Lehman Brothers, and securitized by Morgan Stanley.

Jack Resnick & Sons declined to comment. Representatives for JPMorgan Chase were not immediately available.

The building has 374,600 square feet across 10 stories, and is currently undergoing renovations. Next year, Bed Bath & Beyond and its home decor subsidiary One Kings Lane will set up a 51,576-square-foot design studio on the fourth floor of the building, moving from the eighth floor.

Jack Resnick & Sons owns more than 6 million square feet of commercial space across the country. Last week, the company refinanced its Midtown office building at 485 Madison Avenue with a $50 million loan from Prudential Insurance.

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