Macerich Closes $525M Refi of NY Mall
The rate is the lowest the company has received for a refinancing since 2019.
STAMFORD, CT—Webster Bank has signed a 25,000 square-foot lease deal at Building and Land Technology’s 200 Elm St. office building in downtown Stamford. The transaction continues the intense leasing volume at the property that has produced more than 250,000 square feet in leases in the last 18 months.
The Waterbury, CT-based bank is expanding its Stamford presence with the lease deal. Webster has branch locations at 2 Stamford Plaza and 760 Washington Blvd. as well as a number of walk-up ATM locations, according to its website. The bank, which was represented by JLL’s Ed Tonnessen, will be moving into its space at 200 Elm this summer.
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The rate is the lowest the company has received for a refinancing since 2019.
The price is a “meaningful discount to replacement cost.”
A continued housing shortage is driving multifamily.
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