Ares Commercial Real Estate Provides $227M Loan For SoHo Office Buildings | 520 & 524 Broadway | Steve Kohn, Lauren Kaufman, Gideon Gil, Alexander (Alex) Hernandez | Office | Loan

Summary

Loan

NEW YORK

Office

240,000 sqft

The office property located at 520 & 524 Broadway in SoHo has recently undergone a closed transaction. The property spans a total area of 240,000 square feet.

Summary of transaction details

Property Type: Office
Transaction Amount: $227,000,000
Address: 520 & 524 Broadway, SoHo

The lender for this transaction was Ares Commercial Real Estate, while the landlord involved was Northwood Investors. The deal was facilitated by the brokers Gideon Gil, Steve Kohn, Alex Hernandez, and Lauren Kaufman from Cushman & Wakefield.

No additional information is available regarding this transaction.

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Players

All
5

Agents
4
Agencies
1

$1.2B Sold

$598M Sold

Executive Managing Director

$1.8B Sold

Alexander (Alex) Hernandez

Executive Managing Director

$865M Sold

Details

Deal Summary

FINANCED

IMAGE: Gideon Gil, Steve Kohn, Alex Hernandez DATE: 06/22/2021 ADDRESS: 520 & 524 Broadway MARKET: SoHo ASSET TYPE: Office LENDER: Ares Commercial Real Estate LANDLORD: Northwood Investors BROKERS: Gideon Gil, Steve Kohn, Alex Hernandez & Lauren Kaufman - Cushman & Wakefield LOAN AMOUNT: $227,000,000 SF: 240,000

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Address520 & 524 Broadway

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