Fisher Brothers And Blackstone Secure $850 Million Acquisition Loan From Morgan Stanley And JPMorgan In Midtown Manhattan

The asset involved in the transaction is an office property located at 1345 Sixth Avenue in Midtown Manhattan. The property encompasses a total square footage of 1,900,000 and has an acquisition loan amount of $850,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $850,000,000
• Address: 1345 Sixth Avenue
• Market: Midtown Manhattan
• Lender: Morgan Stanley, JPMorgan & Citi
• Borrower: Fisher Brothers & Blackstone
• Brokers: Kenneth Ziebelman, Grant Frankel, Ethan Pond, Drew Ahlers, Will Silverman & Gary Phillips - Eastdil Secured

The key individuals and companies involved in this transaction include Fisher Brothers and Blackstone as the borrowers, while Morgan Stanley, JPMorgan, and Citi are the lenders. The brokerage services were provided by a team from Eastdil Secured, represented by Kenneth Ziebelman, Grant Frankel, Ethan Pond, Drew Ahlers, Will Silverman, and Gary Phillips.