Connecticut General Life Insurance Provides $40M Refi for 99 Hudson Street
The 106-year-old building was purchased by Olshan Properties in 1983
By Brian Pascus February 20, 2026 2:59 pm
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Olshan Properties has secured $40 million to refinance 99 Hudson Street, a 17-story office building in Manhattan’s Tribeca neighborhood, Commercial Observer can first report.
Connecticut General Life Insurance provided the debt, according to city records. JLL Capital Markets’ Steven Klein arranged the transaction.
Klein said in a statement that Tribeca’s office inventory currently benefits from limited supply, low vacancy, and consistent tenant demand.
“This financing reflects lender confidence in both the asset’s performance and Olshan Properties’ long-term ownership strategy,” he added.
Located on the corner of Franklin Street, Hudson Street and Leonard Street, 99 Hudson was built in 1920 and was acquired by Olshan Properties in 1983. The building is currently 97 percent occupied, with tenants that include yogurt brand Chobani, ODA Architecture, and purveyor of goods Daily Harvest.
Manhattan leasing activity performed well in 2025, ending the year with 32 million feet of deals, a 7 percent increase from 2024, as the city’s availability rate fell from 17 percent to 14 percent, per JLL.
Olshan Properties did not respond to requests for comment.
Brian Pascus can be reached at bpascus@commercialobserver.com.
