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Parkway Corporation Secures $187M Loan For Office Building At 2222 Market Street

2222 Market Street
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This Office property located in PA received a loan of $187,000,000 over 3 years ago. The brokers of the deal were Thomas Wayda, Ronnie Levine, Phil Galligan, Omar Ferreira, and Morris Betesh

The office property located at 2222 Market Street in Philadelphia, PA was involved in a closed transaction. The loan image includes Morris Betesh, Ronnie Levine, Thomas Wayda, Phil Galligan, and Omar Ferreria.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $187,000,000
  • Address: 2222 Market Street, Philadelphia, PA
  • Market: Philadelphia, PA
  • Landlord: Parkway Corporation
  • Lender: citizens''>Citizens Bank, Santander, ACORE

The financing for the transaction included a senior loan provided by a syndicate of lenders, led by Citizens Bank and also involving Santander and ACORE.

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Deals
  • Location
    2222 Market St, Philadelphia, PA 19103, USA2222 Market St, Philadelphia, PA 19103, USA
  • Loan Value
    $187,000,000$187,000,000
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 3 Agencies, 1 Lender5 Brokers, 3 Agencies, 1 Lender

Agents

Thomas Wayda

Thomas Wayda

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Financed$1.4B

Phil Galligan

Phil Galligan

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Financed$311.4M

Agencies

Greystone

Greystone

Agency
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Volume$7.3B

Meridian Capital Group

Meridian Capital Group

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JLL

JLL

Agency
Deals5591
Volume$332.6B

Citizens

Citizens

Lender
Deals10
Volume$ 15.7B

Deal Summary

LOAN IMAGE: Morris Betesh, Ronnie Levine, Thomas Wayda, Phil Galligan, Omar Ferreria DATE: 08/06/2020 ADDRESS: 2222 Market Street MARKET: Philadelphia, PA ASSET TYPE: Office LANDLORD: Parkway Corporation LENDER: Citizens Bank, Santander, ACORE LOAN TERMS: The financing comprised a senior loan provided by a syndicate of lenders led by Citizens Bank and included […] LOAN AMOUNT: $187,000,000

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2222 Market Street

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