Raghsa Real Estate Secures $130 Million Loan From J.P. Morgan Chase For Office Acquisition In Chelsea

The property asset involved in this transaction is an office building located at 512 West 22nd Street in Chelsea, Manhattan. The total square footage of the asset is 172,000 square feet, and the lender for this acquisition loan is J.P. Morgan Chase. The loan amount secured for this transaction is $130,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $130,000,000
• Address: 512 West 22nd Street
• Market: Chelsea, Manhattan
• Asset Square Footage: 172,000
• Lender: J.P. Morgan Chase
• Landlord: Raghsa Real Estate
• Landlord's Representative: Grant Frankel, Rob Turner & Drew Ahlers - Eastdil Secured

The transaction features notable individuals such as Adam Smith, representing Raghsa Real Estate. The broker representatives from Eastdil Secured include Grant Frankel, Rob Turner, and Drew Ahlers, who facilitated the acquisition loan process.