Merrill Lynch Building in Jersey City acquired; CBRE advises on $328M financing

0
204
A Class A office tower located in Jersey City has a new owner, after CBRE Capital Markets’ Debt & Structured Finance team arranged $328 million of debt and equity financing for the purchase of 101 Hudson St. 101 Hudson St.

, also known as the Merrill Lynch Building, is a 42-story, 1.35 million-square-foot office tower located in the Exchange Place area of Jersey City along the Hudson River waterfront.

CBRE advised on the assumption of a $250 million commercial mortgage-backed security loan and arranged a $78 million preferred equity investment from SKW on behalf of the buyer, a partnership between Mark Meisner of the Birch Group and Abe Greenhut of 2020 Vision. The CBRE team of Shawn Rosenthal, Jason Gaccione, and […].



To see the full article CLICK HERE

LEAVE A REPLY

Please enter your comment!
Please enter your name here