ZG Capital Partners Acquires Office In Union Square For $37.5M With Ladder Capital Loan

The property asset involved in the transaction is an office building located at 836 Broadway in the Union Square market. The asset spans a total square footage of 80,000 and is associated with a loan amount of $37,500,000, categorized as an acquisition loan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $37,500,000
• Address: 836 Broadway
• Market: Union Square
• Asset Size: 80,000 SF
• Lender: Ladder Capital
• Landlord: ZG Capital Partners
• Landlord Representatives: James Tamborlane & Bobby Zar
• Brokers: Dustin Stolly, Jordan Roeschlaub & Daniel Fromm - Newmark

The key individuals involved in the deal include representatives from ZG Capital Partners, specifically James Tamborlane and Bobby Zar. The brokering team from Newmark consists of Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm, facilitating the acquisition loan transaction.