CushWake Secures $415M Loan For Office Building At 575 Lexington Avenue In Midtown Manhattan | 575 Lexington Avenue | Oaktree Capital Management, Paramount Group | Steve Kohn, Alex Lapidus Okin, Alexander (Alex) Hernandez, Adam Spies, Adam Doneger | Office | Loan

Summary

Loan

NEW YORK

Office

739,040 sqft

The closed property transaction involved an office asset located at 575 Lexington Avenue in Midtown Manhattan. The transaction took place on March 22, 2021. The property is owned by Angelo, Gordon & Co., George Comfort & Sons, and Columbia Property Trust. The lenders involved in the loan are Aareal Capital Corporation, Paramount Group, and Oaktree Capital Management. The loan amount for this transaction was $415,000,000.

Summary of transation details

Property Type: Office
Transaction Amount: $415,000,000
Lender: Aareal Capital Corporation, Paramount Group & Oaktree Capital Management
Landlord: Angelo, Gordon & Co., George Comfort & Sons & Columbia Property Trust

Adam Spies, Steve Kohn, Adam Doneger, Alex Hernandez, and Alex Lapidus from CushWake acted as brokers in the deal.

Players

All
9

Agents
5
Agencies
2
Lenders
2

$1.2B Sold

$435M Sold

Alexander (Alex) Hernandez

Executive Managing Director

$865M Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Adam Doneger

Executive Vice Chairman

$21.5B Sold

Details

Deal Summary

FINANCED

IMAGE: Adam Doneger, Alex Hernandez, Adam Spies, Steve Kohn & Alex Lapidus DATE: 03/22/2021 ADDRESS: 575 Lexington Avenue MARKET: Midtown Manhattan ASSET TYPE: Office LENDER: Aareal Capital Corporation, Paramount Group & Oaktree Capital Management LANDLORD: Angelo, Gordon & Co., George Comfort & Sons & Columbia Property Trust BROKERS: Adam Spies, Steve Kohn, Adam Doneger, Alex Hernandez & Alex Lapidus @CushWake LOAN AMOUNT: $415,000,000

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Address575 Lexington Avenue

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