Normandy Real Estate Partners is moving ahead with the next phase of one of its warehouse-to-office redevelopments in Long Island City, where investors are looking to cash in on the spillover effect from Amazon’s planned move to the neighborhood. Normandy, along with co-investor Drake Street Partners, scooped up a $75 million loan from Deutsche Bank to refinance the former printing plant they’re redeveloping at 47-11 Austell Place, representatives for the project told The Real Deal. […]
source https://therealdeal.com/2018/12/07/normandy-drake-street-refi-lic-warehouse-to-office-conversion-with-75m-deutsche-loan/
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