January 17, 2020
NKF arranged a $145-million fixed-rate loan for the acquisition of 111 Wall St. An NKF team led by Dustin Stolly and Jordan Roeschlaub, along with Nick Scribani, Chris Kramer, Seth Hall and John Gallagher, arranged the financing on behalf of Nightingale Properties and Wafra Capital Partners.
The loan was provided by SL Green and an undisclosed lending partner. NKF President Jimmy Kuhn arranged the sale of the property on behalf of Zurich Insurance.
Built in 1968 as the headquarters for First National City Bank, 111 Wall will soon undergo a comprehensive renovation and modernization by Nightingale and WCP. The new owners plan a fully-amenitized building and have engaged a JLL leasing team of Clark Finney, Frank Doyle, Ben Bass, and Andrew Coe.
‘Following the comprehensive renovation and reimagining of 111 Wall by Nightingale and WCP, the property will be one of the most sought-after office locations in Manhattan,” said Stolly.
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