Jack Resnick & Sons + Ruben Companies have secured a $100 million loan from PGIM Real Estate to refinance their office building at 52 Broadway, according to the Commercial Observer. The FiDi property is fully leased to the United Federation of Teachers (UFT), the union that represents New York City’s public school teachers.
- Worth Noting: Resnick bought 52 Broadway in 1978 and later completed a massive restoration of the 426,000-square-foot building that deconstructed the property down to the steel skeleton. The loan has a term of 15 years. [CO]