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JLL Arranges Redevelopment Loan on West End Campus
JLL arranged a $181-million loan to finance the redevelopment of West End Campus, a portfolio of two buildings and a parcel of land on Manhattan’s Upper West Side.
The team of Evan Pariser, Geoff Goldstein, Jackie Ferrer, and Sophie Cohen represented Taconic Investment Partners LLC and Nuveen Real Estate to place the floating rate-acquisition/bridge loan with LoanCore Capital.
The campus includes the 380,190-square-foot 125 West End Ave., originally developed in 1929 as automotive facility for Chrysler, and the 104,584-square-foot 20 W. 66th St., along with 105,575 square feet of development rights on the adjacent Lot 61.
“This is the first time in nearly 40 years that a redevelopment opportunity has been available at the West End Campus,” Pariser said. “Much of this space was constructed to specifications far exceeding typical standards. It has been occupied by ABC / Disney for office and studio production purposes since the early 1980s.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development
