The Real Deal New York

Brookfield lands $128M loan for Brooklyn’s
1 Pierrepont Plaza

Barclays, Citibank and Bank of America are the lenders
By Konrad Putzier | December 20, 2018 01:00PM

1 Pierrepont Plaza

Brookfield Asset Management refinanced its leasehold on the office tower 1 Pierrepont Plaza in Downtown Brooklyn with a $127.95 million mortgage from Barclays, Citibank and Bank of America, property records show.

Brookfield took over the property as part of its acquisition of Forest City Realty Trust, which closed two weeks ago. The company declined to comment.

Forest City developed the 19-story, 744,000-square-foot property in the late 1980s. The building was briefly home to Hillary Clinton’s 2016 presidential campaign. Cushman & Wakefield signed a 15,100-square-foot lease to move its Brooklyn office into the tower in 2016.

On Wednesday, Brookfield landed $635 million in debt to refinance its office condos at the New York Times Building.