Vornado Realty Trust And Crown Acquisitions Secure $450M Loan For 1535 Broadway Retail Property
New York
See Similar DealsVornado Realty Trust And Crown Acquisitions Secure $450M Loan For 1535 Broadway Retail Property
1535 Broadway
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The property involved in the transaction is 1535 Broadway, a retail asset located in Manhattan. This property spans 107,000 square feet and is noted for its full-block LED signage and retail presence in Times Square.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $450,000,000
- Address: 1535 Broadway
- Market: Manhattan
- Lender: Bank of America, Bank of Montreal, Goldman Sachs
- Landlord: Steven Roth - Vornado Realty Trust, Haim Chera - Crown Acquisitions
In this transaction, Vornado Realty Trust and Crown Acquisitions secured a $450 million CMBS loan. The key individuals behind this deal include Steven Roth representing Vornado Realty Trust and Haim Chera representing Crown Acquisitions, both of whom are instrumental in the ownership and management of the property.
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