Marc Holliday Of SL Green And Jeff Sutton Of Wharton Properties Refinance Times Square Retail Properties For $176M

The asset involved in this transaction includes two retail properties located at 1551 Broadway, 1553 Broadway, and 1555 Broadway in the Times Square market of Manhattan. The refinancing loan amount secured for these properties is $176,000,000, which replaces prior debt from Series 2011-GC5.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $176,000,000
• Lender: Acore Capital
• Landlord: Marc Holliday - SL Green & Jeff Sutton - Wharton Properties
• Ownership Entity: 1551-1555 Broadway Owner LLC
• Loan Type: Refinance

Key individuals involved in this refinancing transaction include Marc Holliday representing SL Green and Jeff Sutton representing Wharton Properties, both of whom are significant players in the New York City real estate market. They have collaborated to secure financing through Acore Capital for their retail properties in a prime Times Square location.