Sage Realty Corporation Secures $127.5M Financing For Manhattan Office Building

Located at 77 Water Street in Manhattan, this office property spans 615,000 square feet. The property was involved in a closed transaction, with Sage Realty Corporation, represented by Jonathan Iger, acting as the landlord. The deal was facilitated by brokers Grant Frankel, Gary Phillips, Tanner McNeill, and Ethan Pond of Eastdil Secured. The lender for this transaction was Acore, providing a loan amount of $127,500,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $127,500,000
• Address: 77 Water Street, Manhattan
• Market: Manhattan
• Landlord: Sage Realty Corporation - Jonathan Iger
• BROKERS: Grant Frankel, Gary Phillips, Tanner McNeill & Ethan Pond - Eastdil Secured

Jonathan Iger from Sage Realty Corporation acted as the landlord in this deal, while Acore provided financing with a loan amount of $127,500,000. Grant Frankel, Gary Phillips, Tanner McNeill, and Ethan Pond, all representing Eastdil Secured, played key roles as brokers in this successful transaction.