Morgan Stanley Provides $400M Loan For Office Building At 605 Third Avenue In Murray Hill | 605 Third Avenue | Kenneth "Ken" Ziebelman, Grant Frankel, Ethan Pond | Office | Loan

Summary

Loan

NEW YORK

Office

1,100,000 sqft

The property involved in this transaction is an office located at 605 Third Avenue in Murray Hill. The transaction took place on December 3, 2020. The property has a total square footage of 1,100,000 and is owned by Fisher Brothers and JP Morgan Asset Management.

Summary of transation details

Property Type: Office
Transaction Amount: $400,000,000
Loan Amount: $400,000,000
Loan Terms: 10-year

Morgan Stanley provided a loan of $400,000,000 for this transaction. The loan terms are set for a period of 10 years. The landlord representatives for Fisher Brothers and JP Morgan Asset Management were Eastdil Secured - Grant Frankel, Ken Ziebelman, and Ethan Pond.

Players

All
4

Agents
3
Agencies
1

Kenneth "Ken" Ziebelman

$70M Sold

Details

Deal Summary

FINANCED

IMAGE: Jamie Dimon, Arnold Fisher, James P. Gorman & Winston Fisher DATE: 12/03/2020⁠ ADDRESS: 605 Third Avenue MARKET: Murray Hill ASSET TYPE: Office LENDER: Morgan Stanley LANDLORD: @FisherBrothers & JP Morgan Asset Management BROKER: Eastdil Secured - Grant Frankel, Ken Ziebelman, and Ethan Pond. LOAN AMOUNT: $400,000,000 SF: 1,100,000 LOAN TERMS: 10-year

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Address605 Third Avenue

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