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Morgan Stanley Provides $400M Loan For Office Building At 605 Third Avenue In Murray Hill

605 Third Avenue
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This Office property located in NY received a loan of $400,000,000 over 3 years ago. The brokers of the deal were Kenneth "Ken" Ziebelman, Grant Frankel, and Ethan Pond

The property involved in this transaction is an office located at 605 Third Avenue in Murray Hill. The transaction took place on December 3, 2020. The property has a total square footage of 1,100,000 and is owned by Fisher Brothers and JP Morgan Asset Management.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $400,000,000
  • Loan Amount: $400,000,000
  • Loan Terms: 10-year

Morgan Stanley provided a loan of $400,000,000 for this transaction. The loan terms are set for a period of 10 years. The landlord representatives for Fisher Brothers and JP Morgan Asset Management were Eastdil Secured - Grant Frankel, Ken Ziebelman, and Ethan Pond.

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Deals
  • Location
    605 Third Avenue, Manhattan, New York, NY, USA605 Third Avenue, Manhattan, New York, NY, USA
  • Loan Value
    $400,000,000$400,000,000
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Kenneth "Ken" Ziebelman

Kenneth "Ken" Ziebelman

Deals3
Financed$1.1B

Grant Frankel

Grant Frankel

Deals17
Financed$7.1B

Ethan Pond

Ethan Pond

Deals12
Financed$5.8B

Agency

Eastdil Secured

Eastdil Secured

Agency
Deals187
Volume$58.2B

Morgan Stanley

Morgan Stanley

Lender
Deals70
Volume$ 208.8B

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Deal Summary

LOAN IMAGE: Jamie Dimon, Arnold Fisher, James P. Gorman & Winston Fisher DATE: 12/03/2020⁠ ADDRESS: 605 Third Avenue MARKET: Murray Hill ASSET TYPE: Office LENDER: Morgan Stanley LANDLORD: @FisherBrothers & JP Morgan Asset Management BROKER: Eastdil Secured - Grant Frankel, Ken Ziebelman, and Ethan Pond. LOAN AMOUNT: $400,000,000 SF: 1,100,000 LOAN TERMS: 10-year

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605 Third Avenue

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