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LES Boutique Office Will Target TAMI, Financial Tenants
Canyon Partners Real Estate and CapitalSource have provided construction financing to a joint venture between East End Capital and K Property Group for a boutique office and retail property at 141 E. Houston St. on the site of the former Landmark Sunshine Cinema. JLL Capital Markets arranged the $66.7-million loan.
“141 E. Houston will offer smaller boutique and creative tenants the rare opportunity to occupy an entire floor with direct elevator access, amazing ceiling heights and floor-to-ceiling glass,” said JLL’s Aaron Appel. He and colleagues Jonathan Schwartz, Michael Diaz and Patrick Cotter oversaw the debt financing on behalf of the developer.
The property—which is targeting TAMI, financial and family-office tenants—will be located at the intersection of SoHo, the East Village and the Lower East Side. K Property Group has been engaged as the office leasing agent, while RIPCO Real Estate will manage retail leasing.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development
