top of page


1441 Broadway Trades for $240 Million With Fortress Acquisition Financing
60 Guilders and Sentry Realty have acquired 1441 Broadway, a Midtown Manhattan office property also known as 10 Times Square, for approximately $240 million. According to Commercial Observer, the estate of L.H. Charney sold the property, while Newmark arranged both the sale and the acquisition financing. Fortress provided the buyers with a floating-rate acquisition loan equal to approximately 70% of total project cost. This means the transaction combines acquisition debt with
ARCFE U.S.
5 days ago3 min read
Â
bottom of page