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Newmark Brokers Secure $220M Loan For Philadelphia Office Building On Market Street

2400 Market Street
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This Office property located in PA received a loan of $220,000,000 over 2 years ago. The brokers of the deal were Benjamin (Ben) Kroll, Christopher (Chris) Kramer, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

The property involved in this transaction is an office building located at 2400 Market Street in Philadelphia. The building has a total area of 593,000 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $220,000,000
  • Address: 2400 Market Street, Philadelphia
  • Market: Philadelphia
  • Lender: Deutsche Bank
  • Landlord: Lubert-Adler - Dean Adler

The loan for this transaction was provided by Deutsche Bank. The landlord of the property is Lubert-Adler, represented by Dean Adler. The brokers involved in this deal are Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani, and Benjamin Kroll from Newmark.

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Deals
  • Location
    2400 Market Street, Philadelphia, PA, USA2400 Market Street, Philadelphia, PA, USA
  • Loan Value
    $220,000,000$220,000,000
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 1 Agency, 1 Lender5 Brokers, 1 Agency, 1 Lender

Agents

Benjamin (Ben) Kroll

Benjamin (Ben) Kroll

Deals6
Financed$937.5M

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

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Deal Summary

LOAN IMAGE: Chris Kramer, Jordan Roeschlaub, Dustin Stolly, Benjamin Kroll & Nick Scribani DATE: 12/02/2021 ADDRESS: 2400 Market Street MARKET: Philadelphia ASSET TYPE: Office ~ SF: 593,000 LENDER: Deutsche Bank LANDLORD: Lubert-Adler - Dean Adler BROKERS: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani & Benjamin Kroll - Newmark LOAN AMOUNT: $220,000,000

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2400 Market Street

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