FINANCED
Northwind Group Finances 601W Companies' Acquisition Of Harborside 5 In Jersey City
185 Hudson Street
Office
977,225 SF
977,225 SF
Financed 34 days ago
Summary
Loan
NEW JERSEY
Office
977,225 sqft
The office building at 185 Hudson Street in Jersey City, with a size of 977,225 square feet, was involved in a recent transaction where the Northwind Group provided a $65,000,000 acquisition loan to 601W Companies for the purchase of the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65,000,000
- Lender: Northwind Group - Richard Driggs
- Landlord: Mark Karasick - 601W Companies
- Address: 185 Hudson Street
- Market: Jersey City
The loan transaction was made to support 601W Companies' $85 million acquisition of the Harborside 5 office building in a strategic move to expand their presence in Jersey City. The building's proximity to transportation hubs adds to the appeal of this transaction.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Richard Driggs
DATE: 03/25/2024
ADDRESS: 185 Hudson Street
MARKET: Jersey City
ASSET TYPE: Office ~ SF: 977,225
LENDER: Northwind Group - Richard Driggs
LANDLORD: Mark Karasick - 601W Companies
LOAN AMOUNT: $65,000,000
LOAN TYPE: Acquisition Loan
NOTE: Northwind Group financed 601W Cos.' $85 million purchase of Harborside 5 office building in Jersey City for $65 million. The acquisition expands 601W's presence in Jersey City's growing market, with the building located near transportation hubs.View on map
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Address185 Hudson Street
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