Stellar Management has secured a $78 million loan from New York Community Bank to refinance 44 West 28th Street. The 16-story office building spans 142,000 SF, and includes a retail component (9,000 SF), according to CO.
- Financing details: The deal consolidated $66.9 million in previous debt, and also includes a new $11.1 million mortgage.
- Tenants include: WeWork (34,500 SF), Gust, and Reboot.
- Flashback: Stellar paid $51.5 million for the property in 2007.