Deutsche Bank & Square Mile Capital Provide $466M Loan For One Essex Crossing Office In Lower East Side NYC

One Essex Crossing, located in the Lower East Side, was the subject of a recent loan transaction. The office property spans approximately 1,900,000 square feet and is owned by BFC Partners, Prusik Group, Goldman Sachs Asset Management’s Urban Investment Group, L+M Development, and Taconic Partners as part of Delancey Street Associates. The loan, valued at $466,000,000, was provided by Deutsche Bank and Square Mile Capital.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $466,000,000
• Address: One Essex Crossing
• Market: Lower East Side
• Square Footage: 1,900,000

Notable individuals involved in this transaction include Lisa Gomez, Charles Bendit, and Paul Pariser. They are represented by Deutsche Bank and Square Mile Capital as lenders. It is worth mentioning that no additional information is available regarding this deal.