DivcoWest Real Estate Investments Secures $170M Loan For Office Property On Madison Avenue In Midtown

540 Madison Avenue, located in Midtown, is the subject of a recent property transaction. The office building, owned by DivcoWest Real Estate Investments, has attracted attention from lenders and brokers. The property boasts a prime location in the Midtown market, making it an appealing asset for potential investors and tenants.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $170,000,000
• Lender: SunTrust Bank and BNY Mellon
• Landlord: DivcoWest Real Estate Investments
• Brokers: CBRE – Tom Traynor and James Millon

The loan amount for the transaction is $170,000,000. CBRE, represented by Tom Traynor and James Millon, played a pivotal role in facilitating the deal. Their expertise in the real estate market ensured a successful transaction for all parties involved. The involvement of lenders such as SunTrust Bank and BNY Mellon further solidifies the credibility and desirability of the property.