FINANCED
Silverstein Properties, CBREIM & CALSTRS Secures $450M Loan For Midtown Manhattan Office Building
1177 Avenue Of The Americas
Office
1,000,000 SF
1,000,000 SF
Summary
Loan
NEW YORK
Office
1,000,000 sqft
The property involved in the transaction is an office space located at 1177 Avenue Of The Americas in Midtown Manhattan. The property spans approximately 1,000,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $450,000,000
- Market: Midtown Manhattan
- Loan Type: Debt Financing
The loan for this transaction was provided by Deutsche Bank and Wells Fargo. The landlord of the property is Silverstein Properties, represented by Larry Silverstein and Tal Kerret. The property is owned jointly by CBREIM and CALSTRS, with Cassandra Lichnock representing them in the deal. The brokers involved in the transaction were Grant Frankel, Gary Phillips, Ken Ziebelman, and Adam Licari, who were represented by Eastdil Secured.
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Lenders
2
Details
FINANCED
IMAGE: Tal Kerret, Adam Licari, Larry Silverstein, Ken Ziebelman, Cassandra Lichnock, Gary Phillips & Grant Frankel
DATE: 10/16/2021
ADDRESS: 1177 Avenue Of The Americas
MARKET: Midtown Manhattan
ASSET TYPE: Office ~ SF: 1,000,000
LENDER: Deutsche Bank & Wells Fargo
LANDLORD: @SilversteinProperties - Larry Silverstein & Tal Kerret, CBREIM & CALSTRS - Cassandra Lichnock
BROKERS: Grant Frankel, Gary Phillips (@Garyty123), Ken Ziebelman & Adam Licari - Eastdil Secured
LOAN AMOUNT: $450,000,000
LOAN TYPE: Debt FinancingView on map
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Address1177 Avenue Of The Americas
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