TF Cornerstone Acquires Office Building At 230 Park Avenue South In Flatiron District For $250M

Fred Elghanayan and Tom Elghanayan have completed a closed property transaction in the Flatiron District. The property, located at 230 Park Avenue South, is an office building with a total square footage of 360,000. The deal involved multiple lenders including Wells Fargo, Bank of America, and JPMorgan Chase, who provided a loan amount of $250,000,000. The landlord of the property is TF Cornerstone.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $250,000,000
• Address: 230 Park Avenue South
• Market: Flatiron District
• Lenders: Wells Fargo, Bank of America, JPMorgan Chase
• Landlord: TF Cornerstone
• Square Footage: 360,000

Fred Elghanayan and Tom Elghanayan, representing the buyers or tenants, successfully closed the deal in the Flatiron District. The lenders involved in the transaction were Wells Fargo, Bank of America, and JPMorgan Chase. The landlord of the property is TF Cornerstone. The office building, located at 230 Park Avenue South, spans a total square footage of 360,000.