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**GFP Real Estate Secures $83M Refinancing Loan for 100 Crosby Street**
GFP Real Estate has closed on an $83 million refinancing loan from TD Bank and BNY for 100 Crosby Street, a fully leased, six-story boutique office and retail property in the heart of SoHo’s premier office and shopping district. The financing replaces a prior $100 million loan that originated in 2015. Newmark’s Senior Managing Director Paul Talbot represented GFP Real Estate in the transaction.
“We’ve owned this building for a long time, and it has consistently performed because of its location, its tenants, and a disciplined approach to ownership,” said Jeffrey Gural, Chairman of GFP Real Estate. “This refinancing is another example of that long-term strategy at work, and we’re grateful to TD Bank and BNY for their longstanding support of the building as lending partners.”
100 Crosby Street features a diverse mix of office tenants, including firms in the finance-technology, venture capital, and real estate sectors, along with several direct-to-consumer startups and creative event production agencies. Retail tenants, which make up about one-third of the property, include national brands such as American Eagle and Canadian fashion retailer Aritzia.
This continued investment underscores GFP’s commitment to preserving and enhancing the value of its prime SoHo asset.
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