Wells Fargo Funds $250M Loan Assumption For 101 Hudson St Office In Jersey City

The property involved in the transaction is an office building located at 101 Hudson St in Jersey City. The building spans a total area of 1,347,000 square feet.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $250,000,000
• Lender: Wells Fargo (Loan Assumption)
• Landlord: Mark Meisner - Birch Group; Abe Greenhut - 2020 Vision
• Brokers: Shawn Rosenthal & Jason Gaccione - CBRE
• Note from Landlord: Preferred equity provided by SKW Funding (Ayush Kapahi, Daniel Wrublin, and Matt Contreras)

The loan for this transaction was provided by Wells Fargo through a loan assumption. The landlord of the property is Mark Meisner from the Birch Group, along with Abe Greenhut from 2020 Vision. The brokers involved in the deal were Shawn Rosenthal and Jason Gaccione from CBRE. Additionally, the landlord provided preferred equity through SKW Funding, which is represented by Ayush Kapahi, Daniel Wrublin, and Matt Contreras.