FINANCED
JEMB Realty Secures $235M Construction Financing For One Willoughby Square In Downtown Brooklyn
420 Albee Square West
Office
18,600 SF
18,600 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Office
18,600 sqft
One Willoughby Square, an office tower located at 420 Albee Square West in Downtown, Brooklyn, has secured a construction financing loan of $235,000,000. The lender for this transaction is Otéra Capital.
Summary of transation details
- Property Type: OfficeTower
- Transaction Amount: $235,000,000
- Address: 420 Albee Square West
- Market: Downtown, Brooklyn
- City: New York City
- Landlord/Developer: JEMB Realty – Louis & Morris Jerome
- Broker: JLL
The financing provided by Otéra Capital will support the construction of One Willoughby Square. The project is being developed by JEMB Realty, led by Louis & Morris Jerome. JLL, a prominent real estate brokerage firm, represented the parties involved in this deal.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Morris Jerome of JEMB
DATE: 07/23/2018
ADDRESS: 420 Albee Square West
NAME: One Willoughby Square
MARKET: Downtown, Brooklyn
CITY: NewYork NYC
ASSET TYPE: OfficeTower
LENDER: Otéra Capital
LANDLORD/DEVELOPER: JEMB Realty – Louis & Morris Jerome
BROKER: @jll_ny_capitalmarkets @JLL
LOAN AMOUNT: $235,000,000
LOAN TYPE: Construction FinancingView on map
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Address420 Albee Square West
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