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New York & Tri-State  + Downtown New York  + Office  | 

NKF Duo Secures Acquisition Loan for 111 Wall St.

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.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition