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New York & Tri-State  + Uptown/Bronx  + Finance  |  March 20, 2024
Emily Fu
By: Emily Fu

Centurion JV Lands $171M Loan for UWS Condo 

A joint venture led by Centurion Real Estate Partners has secured a $171 million loan through Macquarie Capital Principal Finance for 212 West 72nd St., a condominium building on Upper West Side. The 19-story building, originally developed as a rental property in 2010, was converted into condominiums by Centurion in 2019. 

The loan will be used to repay the original construction loan provided by KKR and is collateralized by the remaining move-in ready units. The property features 108 luxury condominiums, including studio to five-bedroom units and two penthouses with private rooftop terraces. It also includes amenities such as rooftop and third-floor terraces, an outdoor kitchen, a fitness center, a residents’ lounge, and a children’s playroom. 

JLL Capital Markets arranged the loan with a team led by Michael Gigliotti, Peter Rotchford, Jeffrey Julien, and Rob Hinckley. The property’s ground floor retail is occupied by Trader Joe’s, Duane Reade, and Bank of America. 

Read More News Stories About: JLL
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Inside The Story

Michael Gigliotti

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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