December 3, 2019 Comments Off on PGIM RE Finance Lends on Greenwich Offices Views: 355 Connecticut, National News, Northeast

PGIM RE Finance Lends on Greenwich Offices

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PGIM Real Estate Finance arranged a $150-million refinancing for Greenwich Plaza, a two-building office complex located in the CBD of Greenwich, CT, owned by The Ashforth Company. Ashforth, which developed Greenwich Plaza in 1970, plans to use proceeds from the refinancing for the redevelopment and construction of a new modern transportation center adjacent to the property, which is steps from the Greenwich Train Station.

“We’re glad to have had the opportunity to work with Ashforth on this unique transaction, and support its efforts to invigorate what is currently an underutilized section of the Greenwich Train Station neighborhood,” said Tom Goodsite, who led the transaction on behalf of PGIM Real Estate Finance. “The planned upgrades will further activate the immediate area, to the benefit of companies and employees in Greenwich Plaza and the surrounding community.”

The financing assignment was led by Ken Ziebelman and Ethan Pond of Eastdil Secured.

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