Thank you for sharing!

Your article was successfully shared with the contacts you provided.
40 Exchange Place 40 Exchange Place, in the Financial District

NEW YORK CITY—GFP Real Estate and Northwind Group closed on $100 million in refinancing for 40 Exchange Place, a 20-story, 300,000 square-foot office and retail building in Manhattan’s Financial District.

GFP Real Estate (originally known as Newmark) and Northwind Group acquired 40 Exchange Place from Weiss Realty for $115 million in November 2015, according to Real Capital Analytics. They subsequently engaged in a comprehensive capital improvement program for the building which was originally constructed in 1902. The owners significantly improved all tenant spaces, the lobby, common areas, restrooms, new storefronts, the roof, the façade and the building systems including elevator cabs, fire alarms, sprinklers and tenant HVAC systems.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.