February 15, 2017 Comments Off on $36M in Financing for Gowanus Flex-Space Views: 434 New York News, Outer Boroughs New York

$36M in Financing for Gowanus Flex-Space

Two flex-office and industrial properties won permanent financing totaling $36.5 million from balance-sheet lenders in the Gowanus neighborhood of Brooklyn.

“Gowanus is historically known as an industrial neighborhood, and in recent years has been evolving into a high-demand area for new businesses and innovative technology brands,” said Shamir Seidman, vice president for Meridian Capital Group.

The Gowanus neighborhood is between Carroll Gardens and Park Slope, which are two of Brooklyn’s most desirable residential neighborhoods. “Meridian demonstrated Gowanus’ rapid economic and environmental transformation to lenders, and negotiated two separate loan closings with favorable terms only a few days apart,” Sideman added.

The first property, at 77 19th St., consists of four stories and 188,000 square feet of space. The second property,  at 168 7th St., is a three-story, 91,000 square-foot building.

Read More at Meridian.

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