May 30, 2019
Stellar Management and Imperium Capital have completed a $900-million refinancing of One SoHo Square, a two-building office and retail complex. The loan package was arranged with Goldman Sachs, and brokered by a Cushman & Wakefield team led by Alex Hernandez.
The 15-story One SoHo Square and 13-story One SoHo Square West were acquired as separate, standalone pre-war buildings in 2012. After substantial capital investment post-acquisition, the two buildings have since been connected with a brand-new side-core configuration.
“Our team has done a terrific job molding these buildings into something really special that appeals to companies looking for one-of-kind space that their employees will love,” said Stellar COO Adam Roman.
Tenants in the complex’s office and retail space include MAC Cosmetics, Glossier, Flatiron Health, Warby Parker, Aveda, Managed by Q, Double Verify, Trader Joe’s, CVS and Aetna Life Insurance Company.
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