ZG Capital Partners Acquires Office In Union Square For $37.5M With Ladder Capital Loan

836 Broadway, located in Union Square, was recently involved in a closed property transaction. The property, which is an office space, spans approximately 80,000 square feet. The deal took place on 12/08/2021.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $37,500,000
• Loan Amount: $37,500,000
• Loan Type: Acquisition loan
• Lender: Ladder Capital
• Landlord: ZG Capital Partners - James Tamborlane & Bobby Zar
• Brokers: Dustin Stolly, Jordan Roeschlaub & Daniel Fromm - Newmark

The deal was facilitated by the lender, Ladder Capital, providing an acquisition loan of $37,500,000. The property's landlords, James Tamborlane and Bobby Zar of ZG Capital Partners, worked with brokers Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm from Newmark to complete the transaction.