Bank OZK And Starwood Property Trust Provide $400M Construction Loan For Development Site On South Broad Street In South Philadelphia, Represented By Ackman-Ziff | 1001 South Broad Street | Bank OZK, Starwood Capital Group | Christine Zivkovic, Russell Schildkraut | Development Site | Loan

Summary

Loan

PENNSYLVANIA

Development Site

1,900,000 sqft

A development site located at 1001 South Broad Street in South Philadelphia has recently closed in a transaction. The property spans approximately 1,900,000 square feet and is classified as a Development Site.

Summary of transation details

Property Type: Development Site
Transaction Amount: $400,000,000
Loan Type: Construction Loan
Address: 1001 South Broad Street
Market: South Philadelphia

The loan for this transaction was provided by Bank OZK and Starwood Property Trust. The landlords involved in this deal are Post Brothers, represented by Matt Pestronk, and Tower Investments, represented by Bart Blatstein. The brokers involved with the transaction are Russell Schildkraut and Christine Zivkovic from Ackman-Ziff.

Players

All
5

Agents
2
Agencies
1
Lenders
2

Starwood Capital Group

Details

Deal Summary

FINANCED

IMAGE: Bart Blatstein, Matt Pestronk, Christine Zivkovic & Russell Schildkraut DATE: 01/19/2022 ADDRESS: 1001 South Broad Street MARKET: South Philadelphia ASSET TYPE: Development Site ~ SF: 1,900,000 LENDER: Bank OZK & Starwood Property Trust LANDLORD: Post Brothers - Matt Pestronk & Tower Investments - Bart Blatstein BROKERS: Russell Schildkraut & Christine Zivkovic - Ackman-Ziff LOAN AMOUNT: $400,000,000 LOAN TYPE: Construction Loan

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Address1001 South Broad Street

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