FINANCED
Acres Capital Provides $120M Acquisition Loan For Park Avenue Office Building
45 East 53rd Street
Office
130,000 SF
130,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Office
130,000 sqft
Acres Capital provided a loan of $120,000,000 for the acquisition of an office property located at 45 East 53rd Street in the Park Avenue market. The property spans a total of 130,000 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $120,000,000
- Market: Park Avenue
- Address: 45 East 53rd Street
- Lender: Acres Capital
The landlords involved in the deal are Rialto Capital Management and ZG Capital Partners, represented by Bobby Zar and James Tamborlane. The brokers who facilitated the transaction were Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm from Newmark.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Dustin Stolly, James Tamborlane, Daniel Fromm, Bobby Zar & Jordan Roeschlaub
DATE: 07/15/2022
ADDRESS: 45 East 53rd Street
MARKET: Park Avenue
ASSET TYPE: Office ~ SF: 130,000
LENDER: Acres Capital
LANDLORD: Rialto Capital Management & ZG Capital Partners - Bobby Zar & James Tamborlane
BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub) & Daniel Fromm (@Ddwb) - Newmark (@Newmark)
LOAN AMOUNT: $120,000,000
LOAN TYPE: AcquisitionView on map
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Address45 East 53rd Street
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