Board Ratifies Octagon Leasehold Mortgage Refinancing
NYC-Roosevelt Island Operating CorporationCity · New York, NY- Disclosed value
- $161,500,000
- From minutes
- Document date
- May 14, 2026
- Term
- five years
The 30-second brief
The Roosevelt Island Operating Corporation Board ratified documents supporting MEPT Octagon LLC’s $161.5 million, five-year leasehold mortgage refinancing with JLL Real Estate Capital LLC. The action approves RIOC’s estoppel, consent, and recognition agreements required under the ground lease to maintain financing for the Octagon property at 888 Main Street.
Jll Real Estate Capital LLC holds this financial services contract with NYC-Roosevelt Island Operating Corporation. Its other public contracts on record include work for Town of Roseville and City of Red Wing.
Term as filed: five years.
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Contract details
- Contract type
- Financial Services
- Amount
- $161,500,000
- Document date
- May 14, 2026
- Term
- five years
- Source document
- Roosevelt Island Operating Corporation Minutes May 14, 2026 (Minutes)
Jll Real Estate Capital LLC's other public contracts
More NYC-Roosevelt Island Operating Corporation contracts
Questions about this contract
Who was awarded the financial services contract by NYC-Roosevelt Island Operating Corporation?
Jll Real Estate Capital LLC was awarded this financial services contract by NYC-Roosevelt Island Operating Corporation, as recorded on May 14, 2026. The contract value is $161,500,000.
How much is the Jll Real Estate Capital LLC contract with NYC-Roosevelt Island Operating Corporation worth?
The Jll Real Estate Capital LLC contract with NYC-Roosevelt Island Operating Corporation is valued at $161,500,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Roosevelt Island Operating Corporation Minutes May 14, 2026 (Minutes), dated May 14, 2026 from NYC-Roosevelt Island Operating Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jll Real Estate Capital LLC hold?
Jll Real Estate Capital LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is NYC-Roosevelt Island Operating Corporation currently buying?
Explore NYC-Roosevelt Island Operating Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.