Extell Acquires 47 West 66th Street Office Building In Upper West Side For $930M | 47 West 66th Street | Guggenheim Partners, Aquarian Holdings | Office | Loan

Summary

Loan

NEW YORK

Office

47,698 sqft

Located at 47 West 66th Street on the Upper West Side of Manhattan, this office property was involved in a recent transaction. The property was purchased by Extell, led by Gary Barnett, from Silverstein Properties for approximately $930 million. The sale was brokered by Will Silverman and Gary Philips of Eastdil. Currently, the property is leased to Disney and ABC studios.

Summary of transaction details:

Property Type: Office
Transaction Amount: $930,000,000
Address: 47 West 66th Street
Market: Upper West Side

The loan for this acquisition was provided by Guggenheim Partners and Aquarian Holdings. Extell, the landlord in this transaction, secured a loan amount of $900,000,000. This loan will aid in financing the purchase of the property. Extell, led by Gary Barnett, has acquired the property in order to lease it to Disney and ABC studios.

Players

All
2

Lenders
2

Guggenheim Partners

Aquarian Holdings

Details

Deal Summary

FINANCED

IMAGE: Roger Silverstein, Gary Barnett, Tal Kerret, Larry Silverstein, Lisa Silverstein, Marty Burger & Cory Silverstein DATE: 03/22/2022 ADDRESS: 47 West 66th Street MARKET: Upper West Side ASSET TYPE: Office LENDER: Guggenheim Partners and Aquarian Holdings LANDLORD: @Extell - Gary Barnett TENANT: @Disney @ABCNews LOAN AMOUNT: $900,000,000 LOAN TYPE: Acquisition NOTE: @Extell recently purchased the property from @SilversteinProperties for approx $930M. Will Silverman & Gary Philips of Eastdil brokered the sale. The property is currently leased to Disney & ABC studios.

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Address47 West 66th Street

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