$150M refinancing deal for Admirals Row has been reached by Brooklyn Navy Yard developer.

Have you heard about Steiner NYC? They are the masterminds behind the famous Steiner Studios, a state-of-the-art facility that caters to the needs of film and television production. But that's not all - this innovative company has recently taken another big step by refinancing a key part of the iconic Brooklyn Navy Yard. And who's the lender? None other than Deutsche Bank, with a whopping $148.5 million bridge loan.

The loan is specifically for Admirals Row, an impressive 8-acre complex that spans over 696,000 square feet. This diverse space is a mix of residential and commercial units, with Wegmans as its anchor tenant. But that's not all - it also boasts 350,000 square feet of light industrial space, making it a hub for various businesses and industries.

This strategic move by Steiner NYC is a testament to their commitment to the development and growth of the Brooklyn Navy Yard. By securing this loan, they are not only ensuring the stability and success of Admirals Row, but also contributing to the overall economic progress of the area. And with Deutsche Bank as their partner, there's no doubt that this project will continue to thrive.

Steiner NYC continues to impress with their innovative ideas and determination to revitalize iconic spaces like the Brooklyn Navy Yard. With their success in creating Steiner Studios, we can only imagine the potential of Admirals Row under their expert management. It's an exciting time for the Brooklyn Navy Yard and we can't wait to see what the future holds.

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