Olshan Represents Kaufman Organization in $120M Office Building Refinancing
The Real Deal and GlobeSt.com reported that a joint venture managed by Olshan client Kaufman Organization received a $120 million refinancing loan for its Madison Square Portfolio. The assets comprise four office buildings in Midtown South’s Flatiron and NoMad neighborhoods. The property addresses are 13 West 27th Street, 45 West 27th Street, 19 West 24th Street and 119 West 24th Street. Kaufman acquired 99-year ground leases from Extell Development in 2014 and the buildings, which total 341,000 square feet, were part of the 13-building portfolio that Extell’s Gary Barnett acquired from Frank Ring. Real Estate partners Thomas Kearns and Hyman Kindler and associate Stephen Pacicco represented the joint venture in the financing.