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Downtown Bklyn Office Bldg. Lands Financing

NEW YORK CITY—The monies will go toward repositioning the asset, which will become a flagship location of co-working space provider WeWork.

195 Montague St. The property at 195 Montague St., in Downtown Brooklyn, will be WeWork’s second location in the borough.

NEW YORK CITY—Long Wharf Real Estate Partners—a Boston-based private equity real estate manager—and Treeline Cos., a New York City-based developer and investor have secured nearly $58 million senior financing on a 140,880-square-foot office building in Downtown Brooklyn.

Located at 195 Montague St., the property is anchored by WeWork, the co-working space provider to entrepreneurs, small businesses, and Fortune 500 companies. It will be WeWork’s second location in Brooklyn and serve as one of the company’s flagship spots. Santander Bank occupies 6,573 square feet on the ground floor of the property, along Montague Street—the primary retail corridor for Brooklyn Heights residents.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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