Macklowe Properties Acquires One Wall Street For $750M With Deutsche Bank Financing

The property involved in this transaction is located at One Wall Street in Manhattan. The asset type is an office building that will be converted into residential condominiums. The transaction took place on November 21, 2018.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $750,000,000
• Address: One Wall Street, Manhattan
• Market: Manhattan
• Lender: Deutsche Bank
• Borrower: Macklowe Properties
• Brokers: Aaron Appel and Kellogg Gaines of JLL NY Capital Markets
• Loan Terms: 5 year term with an approx. 5% rate

Aaron Appel and Kellogg Gaines from JLL NY Capital Markets represented the borrower, Macklowe Properties, in this transaction. Deutsche Bank provided the loan of $750,000,000 with a 5-year term and an approximate interest rate of 5%.