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1 Wall Street
FINANCED

Macklowe Properties Acquires One Wall Street For $750M With Deutsche Bank Financing

1 Wall Street

Office
1,058,982 SF
Kellogg (Kelly) Gaines
Aaron Appel
the dealplayerscompscontact

Summary

Loan
NEW YORK
Office
1,058,982 sqft

The property involved in this transaction is located at One Wall Street in Manhattan. The asset type is an office building that will be converted into residential condominiums. The transaction took place on November 21, 2018.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $750,000,000
  • Address: One Wall Street, Manhattan
  • Market: Manhattan
  • Lender: Deutsche Bank
  • Borrower: Macklowe Properties
  • Brokers: Aaron Appel and Kellogg Gaines of JLL NY Capital Markets
  • Loan Terms: 5 year term with an approx. 5% rate

Aaron Appel and Kellogg Gaines from JLL NY Capital Markets represented the borrower, Macklowe Properties, in this transaction. Deutsche Bank provided the loan of $750,000,000 with a 5-year term and an approximate interest rate of 5%.

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Players

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    5

  • Agents

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  • Lenders

    1

Kellogg (Kelly) Gaines's profile picture
Kellogg (Kelly) Gaines
JLL-image
Senior Managing Director
Aaron Appel's profile picture
$266M Sold

Details

Deal Summary
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FINANCED
IMAGE: Aaron Appel, Kellogg Gaines and Harry Macklowe DATE: 11/21/2018 ADDRESS: @OneWallStreet MARKET: Manhattan ASSET TYPE: Office ➡️ Resi Condo conversion LENDER: @DeutscheBank BORROWER: @MackloweProperties BROKERS: Aaron Appel and Kellogg Gaines @JLL_NY_CapitalMarkets LOAN AMOUNT: $750,000,000 LOAN TERMS: 5 year term with an approx. 5% rate.

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Address1 Wall Street

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