CIM Group Secures $400M Loan For Times Square Office Building With Lenders J.P. Morgan & Oaktree Capital | 1440 Broadway | J.P. Morgan Chase & Company, Oaktree Capital Management | Thomas (Tom) Traynor, James Millon, P.J. Finley | Office | Loan

Summary

Loan

NEW YORK

Office

236,000 sqft

The property involved in this transaction is an office located at 1440 Broadway in Times Square. The asset spans a total area of 236,000 square feet. The deal was closed on 03/05/2021.

Summary of transaction details:

Property Type: Office
Transaction Amount: $400,000,000
Market: Times Square
Landlord: CIM Group
Lender: J.P. Morgan & Oaktree Capital

The transaction was facilitated by CBRE Capital Markets, with brokers James Millon, Tom Traynor, and P.J. Finley representing the parties involved. Their expertise and negotiation skills contributed to the successful completion of the deal.

Players

All
6

Agents
3
Agencies
1
Lenders
2

$1.3B Sold

$1.6B Sold

J.P. Morgan Chase & Company

Oaktree Capital Management

Details

Deal Summary

FINANCED

IMAGE: Jamie Dimon, P.J. Finley, Howard Marks, Tom Traynor, Shaul Kuba, James Millon & Avi Shemesh DATE: 03/05/2021 ADDRESS: 1440 Broadway MARKET: Times Square ASSET TYPE: Office LANDLORD: CIM Group LENDER: J.P. Morgan & Oaktree Capital BROKERS: James Millon, Tom Traynor & P.J. Finley - CBRE Capital Markets LOAN AMOUNT: $400,000,000 SF: 236,000

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Address1440 Broadway

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