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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
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This Development Site property located in PA received a loan of $400,000,000 about 2 years ago. The brokers of the deal were Christine Zivkovic and Russell Schildkraut

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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Deals
  • Location
    1001 South Broad Street, Philadelphia, Pennsylvania 19147, United States1001 South Broad Street, Philadelphia, Pennsylvania 19147, United States
  • Loan Value
    $400,000,000$400,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency, 2 Lenders2 Brokers, 1 Agency, 2 Lenders

Agents

Christine Zivkovic

Christine Zivkovic

Deals1
Financed$400M

Agency

Ackman-Ziff

Ackman-Ziff

Agency
Deals75
Volume$6.3B

Bank OZK

Bank OZK

Lender
Deals77
Volume$ 338.9B

Starwood Capital Group

Starwood Capital Group

Lender
Deals29
Volume$ 154.4B

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Deal Summary

LOAN IMAGE: Bart Blatstein, Matt Pestronk, Christine Zivkovic & Russell Schildkraut DATE: 01/19/2022 ADDRESS: 1001 South Broad Street MARKET: South Philadelphia ASSET TYPE: Development Site ~ SF: 1,900,000 LENDER: Bank OZK & Starwood Property Trust LANDLORD: Post Brothers - Matt Pestronk & Tower Investments - Bart Blatstein BROKERS: Russell Schildkraut & Christine Zivkovic - Ackman-Ziff LOAN AMOUNT: $400,000,000 LOAN TYPE: Construction Loan

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1001 South Broad Street

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