
JLL Lines Up $210M on 530 Broadway
JLL Capital Markets arranged $210 million in acquisition financing for 530 Broadway, a 197,637-square-foot mixed-use building in Soho.
The firm’s Michael Tepedino, David Sitt and Robert Tonnessen worked on behalf of the borrower, a SHVO-led joint venture that included Deutsche Finance America and BLG Capital Ltd., to place the loan with LoanCore Capital LLC.
The JV purchased the property from Wharton Property Advisors and Thor Equities in a separate transaction. Built in 1898, the 11-story 530 Broadway is comprised mainly of office space, with tenants including Anomaly, JKR, Knotel, Skechers and Club Monaco.
SHVO, Deutsche Finance and BLG Capital have partnered on the acquisition of six other properties in the past 18 months, including 685 Fifth Ave. and 711 Fifth Ave. in New York City; The Raleigh and South Seas in Miami Beach; and 9200 Wilshire Blvd. in Beverly Hills.
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