NEW YORK CITY-Brookfield Properties Corp. completed the refinancing of One Liberty Plaza in Lower Manhattan with an $850-million, non-recourse 10-year loan. The financing was completed with Goldman Sachs at a fixed rate of 6.1%, repaying a $397-million loan at a fixed rate of 6.8%. The proceeds will be used for general corporate purposes.
"This financing accomplishes one of our major capital initiatives for the year," says Ric Clark, president and CEO of Brookfield Properties. "Notwithstanding the current nervous credit environment, this financing shows the market's appreciation for high-quality premier assets such as One Liberty Plaza."
One Liberty Plaza is a 2.2-million-sf office tower located in the heart of the New York City's financial district at Liberty Street and Broadway. The 54-story steel and glass tower offers views of New York Harbor and the five boroughs, soaring above the newly renovated Zuccotti Park, which received the 2007 American Institute of Architects Merit Award. Major tenants include Cleary Gottlieb Steen and Hamilton, the National Association of Securities Dealers, Scotiabank and Zurich Insurance.
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Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
