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JLL Brokers $90M Loan For Office Portfolio Acquisition In Chelsea

520 West 20th Street
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This Office property located in NY received a loan of $90,000,000 about 4 years ago. The brokers of the deal were David Sitt and Michael Gigliotti

The office property located at 520 West 20th Street, along with three additional properties, has been involved in a closed transaction in Chelsea. The property spans 170,000 square feet and was sold for a loan amount of $90,000,000. Safra Bank provided the funding for this deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $90,000,000
  • Size: 170,000 square feet
  • Address: 520 West 20th Street + 3 additional properties
  • Market: Chelsea

The brokers involved in this deal were David Sitt and Michael Gigliotti from JLL. They played a crucial role in representing the parties involved in the transaction.

View Related

Deals
  • Location
    520 W 20th St, New York, NY 10011, USA520 W 20th St, New York, NY 10011, USA
  • Loan Value
    $90,000,000$90,000,000
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael Gigliotti

Michael Gigliotti

Deals13
Financed$2.2B

David Sitt

David Sitt

Deals9
Financed$2.4B

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

Deal Summary

IMAGE: Michael Gigliotti & David Sitt DATE: 03/13/2020 ADDRESS: 520 West 20th Street + 3 additional properties MARKET: Chelsea ASSET TYPE: Office LENDER: Safra Bank BROKERS: David Sitt, Michael Gigliotti @JLL LOAN AMOUNT: $90,000,000 SF: 170,000

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520 West 20th Street

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