January 10, 2017 Comments Off on $102M for Manhattan Value-Add Views: 225 Downtown New York, New York News

$102M for Manhattan Value-Add

Mesa West Capital lent $102 million to help investors buy and upgrade a 15-story office building in Manhattan.

A partnership between Taconic Investment Partners, TH Real Estate (a division of TIAA Global Asset management) and Squire Investments plans to buy 817 Broadway at 12th Street.

“This financing allows strong sponsorship to transform 817 Broadway into a Class A asset that will benefit from its location in one of the world’s premier office markets,” said Jonathan Schwartz, managing director for JLL, who led the team that structured the deal along with JLL managing director Aaron Appel and senior vice president Mark Fisher.

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