Fosun International has secured a $900-million refinancing for 28 Liberty St., its 60-story, 2.1 million-square-foot office tower in Manhattan’s Financial District. The refi follows a 139,497-square-foot lease expansion by Stripe that helped bring the property to 93% occupancy.
The refi was arranged by a Cushman & Wakefield team of New York-based Gideon Gil, Zachary Kraft, and Cecelia Galligan and Rob Rubano, Brian Share, Joseph Lieske and Ernesto Sanchez out of Los Angeles. The financing was a three-year, interest-only CMBS loan, co-originated by JPMorganChase, German American Capital and Goldman Sachs, and refinances $895 million in existing debt.
The refinancing underscores renewed lender and tenant confidence in Manhattan’s office market, as leasing momentum at 28 Liberty has surged with 14 new deals totaling 438,000 square feet since early 2024, according to Cushman & Wakefield.
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