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Future Home of Mt. Sinai Wellness Center Lands $44M Financing
Cushman & Wakefield advised affiliates of Park-It Mgmt, Inc. in arranging $44,000,000 for the construction financing of 160 W. 124th St., which will be home to Mount Sinai’s new wellness center. The floating-rate financing was provided by affiliates of JPMorgan.
A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil, Preston Flammang and Alex Lapidus represented the borrower.
Srving as home to Mount Sinai’s Icahn School of Medicine, 160 W. 124th St. will be among a select few of Northern Manhattan’s most prominent medical office buildings. The project’s protected light and air and unobstructed surroundings will facilitate views of Central Park and Midtown Manhattan on the upper floors.
“We are excited to be part of bringing such a transformative project to the Harlem neighborhood,” said Flammang. “Park-It Mgmt worked closely with Mount Sinai to provide a build-to-suit solution.”
- ◦Development
