Bank OZK And Starwood Property Trust Provide $400M Construction Loan For Development Site On South Broad Street In South Philadelphia, Represented By Ackman-Ziff

1001 South Broad Street, Philadelphia, Pennsylvania 19147, United States

$400,000,000

$210/SF

Building Size

1,900,000 SF

Asset Type

Development Site

Closing

Jan 19, 2022

AI

A development site located at 1001 South Broad Street in South Philadelphia has recently closed in a transaction. The property spans approximately 1,900,000 square feet and is classified as a Development Site.

Summary of transation details

Property Type: Development Site
Transaction Amount: $400,000,000
Loan Type: Construction Loan
Address: 1001 South Broad Street
Market: South Philadelphia

The loan for this transaction was provided by Bank OZK and Starwood Property Trust. The landlords involved in this deal are Post Brothers, represented by Matt Pestronk, and Tower Investments, represented by Bart Blatstein. The brokers involved with the transaction are Russell Schildkraut and Christine Zivkovic from Ackman-Ziff.

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