Partner Jonathan Mechanic and special counsel Frances Schreiber noted for representation of Orda Management Corporation in its $125 million loan for 225-233 Park Avenue South, <i>Real Estate Weekly</i>,

Partner Jonathan Mechanic and special counsel Frances Schreiber noted for representation of Orda Management Corporation in its $125 million loan for 225-233 Park Avenue South, Real Estate Weekly, "Park Avenue Loan"

In "Park Avenue Loan," an article in the May 26th Real Estate Weekly, partner Jonathan Mechanic and special counsel Frances Schreiber were noted as legal counsel for the borrower, Orda Management Corporation, in a $125 million loan placed with the New York State Teachers Retirement System for 225-233 Park Avenue South in New York City...."Located in the heart of Union Square, 225-244 Park Ave. South was built at the turn of the 20th century for the purpose of selling American Woolen Company's output from their New England based mills directly to the trade....For more than 50 years Orda Management Corporation has maintained a hands-on approach to ownership. The buildings were completely renovated in the 1980s and successfully converted to offices and classrooms."

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