Edison Properties

Edison Properties portfolio

$392.8 million – elevator 54%, office 34%; Manhattan 98%, Brooklyn 1%

157th largest portfolio by dollar value

1,516,175 sqft – elevator 68%, office 23%;

209th largest by SF

29 properties – Manhattan 93%, Brooklyn 6%

128th largest

1,081 residential units – Manhattan 100%, Bronx 0%

209th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $775.8 million

Seller company: 2 for $775.8 million

Borrower company: 1 for $0

Lender company: 1 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

StorageMart (19), Edison Properties (3), Greystone & Co. (1), Verizon (1), Prudential Financial (1)

Top Ten Associated People:

Cris Burnam (19), Kristie Reinhardt (1), Noah A. Julius (1)

Latest Stories:

• Edison Properties buys $5M note secured by its own Hell’s Kitchen garage (February 07, 2024)

• MAG Partners signs $145M construction loan refi with hedge fund for 480-unit project in Chelsea (July 03, 2023)

• Verizon files plans for 154K sf storage building in Hell’s Kitchen (March 07, 2023)

• Verizon signs ground lease valued at $50M with Edison for office building in Hell’s Kitchen (June 29, 2022)

• MAG Partners signs $137.5M construction loan with Madison Realty Capital for 480-unit project in Chelsea (January 27, 2022)

• Edison Properties alleges tenants lied to obtain low rents at large LES 421a building (January 27, 2022)

• Edison Properties signs $65M refi with Greystone & Co. for LES elevator building (January 13, 2022)

• StorageMart signs $2.15B loan with Barclays for Manhattan Mini Storage acquisition (January 07, 2022)

• Edison Properties refis $26M with Prudential for property in Chelsea (September 09, 2020)

Properties:

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