CIM Group Secures $400M Loan For Times Square Office Building With Lenders J.P. Morgan & Oaktree Capital

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.