November 9, 2018
NKF has secured a $54-million floating-rate loan to refinance 119-121 Spring St. on behalf of a partnership led by 60 Guilders. The NKF team was led by Jordan Roeschlaub and Dustin Stolly, co-heads of debt & structured finance, as well as Daniel Fromm, Nick Scribani, Chris Kramer and Dylan Kane.
The loan was provided by Oaktree, with the transaction team led by Karsten Kibbe and Justin Manaloto.
119-121 Spring represents 4,135 square feet of ground-level retail in the heart of SoHo. Bang & Olufsen recently leased the entire space at 121 Spring; the adjacent 119 Spring, formerly occupied by DASH, is being marketed for lease by CBRE.
“The 60 Guilders partnership represents a truly best-in-class sponsor profile, with high-street retail expertise and proprietary knowledge of the SoHo submarket,” said Stolly. He added that Bang & Olufsen “will serve as a strong anchor of the corner space at 121 Spring.”
For comments, questions or concerns, please contact Paul Bubny