KPG Funds Acquires Office Building In SoHo For $65M Loan

Two properties in SoHo, located at 155 Spring Street and 40 Crosby, have been involved in a recent transaction. The office buildings cover a total of 120,000 square feet and are situated in the sought-after SoHo market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $65,000,000
• Lender: Thorofare Capital & Brightspire
• Landlord: KPG Funds
• Brokers: Dustin Stolly, Jordy Roeschlaub, Chris Kramer, Daniel Fromm, and Nick Scribani from Newmark
• Loan Type: Acquisition

The loan, in the amount of $65,000,000, was secured from Thorofare Capital and Brightspire for the acquisition of the properties. KPG Funds, the landlord, facilitated the transaction.

The deal was brokered by Dustin Stolly, Jordy Roeschlaub, Chris Kramer, Daniel Fromm, and Nick Scribani from Newmark. Their expertise and negotiation skills were instrumental in closing this transaction.