Normandy, Keystone And Drake Street Secure $81M Loan For L.I.C. Development
The acquisition, development and repositioning of the office property is part of recent transitions in Long Island City, Queens.
NEW YORK CITY—Normandy Real Estate Partners has received $81 million in financing through a partnership with Keystone Equities and Drake Street Partners, for the acquisition, development and repositioning of 25-11 49th Ave. in Long Island City, Queens.