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**Resnick’s 255 Greenwich St. Secures $147M Refinance Loan**
Avison Young has arranged a $147 million first mortgage refinancing for 255 Greenwich Street, a more than 600,000-square-foot Class A office building located in the heart of Tribeca. The property, owned by an affiliate of Jack Resnick & Sons, features ground-floor retail and on-site parking.
The 10-year, fixed-rate CMBS loan was secured through a financing partnership between Morgan Stanley and Societe Generale, effectively replacing a previous loan provided by MetLife.
The financing was led by Scott Singer and Andy Singer, principals and co-leads at Avison Young, along with executive director Kevin Swartz and senior director Jeffrey Moroch—all part of the Tri-State Debt and Equity Finance team. Significantly, the same team, operating at the time as The Singer & Bassuk Organization, arranged the original loan with MetLife a decade ago.
“We are extraordinarily proud to be representing Jack Resnick & Sons and to be working with Jon and his executive team as they continue to build on the legacy of excellence established by his grandfather Jack and father Burt,” said Scott Singer. “Morgan Stanley as lead and Soc Gen as co-lender provided a smooth execution for this important Avison Young client.”
The refinancing deal underscores continued confidence in high-quality office assets in key Manhattan submarkets like Tribeca.
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