Meadow Partners Provides $62 Million Preferred Equity Loan For 51 Astor Place Office Property

The property asset involved in this transaction is an office building located at 51 Astor Place in the NoHo market. The asset encompasses a total square footage of 386,000 and is part of a loan transaction amounting to $62,000,000 classified as Preferred Equity.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $62,000,000
• Address: 51 Astor Place
• Market: NoHo
• Asset Square Footage: 386,000
• Lender: Meadow Partners
• Landlord: Edward J. Minskoff Equities, Inc. (EJME) & LaSalle Investment Management
• Brokers: Kellogg Gaines, Drew Isaacson, Jennifer Zelko & Christopher Pratt - JLL

The transaction involved key individuals and companies including Meadow Partners as the lender and Edward J. Minskoff Equities, Inc. (EJME) along with LaSalle Investment Management as the landlords. The brokerage team representing the deal comprised Kellogg Gaines, Drew Isaacson, Jennifer Zelko, and Christopher Pratt from JLL.