Deutsche Bank & Barclays Provide $525M Loan For Office Building In Midtown Manhattan | 1 Park Avenue | Deutsche Bank | Thomas (Tom) Traynor, James Millon, P.J. Finley | Office | Loan

Summary

Loan

NEW YORK

Office

45,425 sqft

The recently closed property transaction involves an office asset located at 1 Park Avenue in Midtown. The deal was finalized on 02/08/2021.

Summary of transation details

Property Type: Office
Transaction Amount: $525,000,000
Address: 1 Park Avenue
Market: Midtown

The loan for this transaction was provided by Deutsche Bank and Barclays. The landlord of the property is Vornado Realty Trust and Canada Pension Plan Investment Board (CPPIB). The brokers involved in the deal were James Millon, Tom Traynor, and PJ Finley from CBRE. The tenants of the office space include Equinox, RAMS Architects, NYU Langone, CitiBank, and Zibetto Espresso.

James Millon, Tom Traynor, and PJ Finley from CBRE represented the parties involved as brokers for this transaction.

Players

All
5

Agents
3
Agencies
1
Lenders
1

$1.3B Sold

$1.6B Sold

Details

Deal Summary

FINANCED

IMAGE: James Millon, Steven Roth, Tom Traynor, Haim Chera & PJ Finley DATE: 02/08/2021 ADDRESS: 1 Park Avenue MARKET: Midtown ASSET TYPE: Office LENDER: Deutsche Bank & Barclays LANDLORD: @VornadoRealtyTrust & Canada Pension Plan Investment Board (CPPIB) BROKERS: James Millon, Tom Traynor & PJ Finley - CBRE TENANTS: @Equinox, @RAMSArchitects, @NYULangone, @CitiBank, @ZibettoEspresso AMOUNT: $525,000,000

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Address1 Park Avenue

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