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Nightingale, Wafra Seek $860M for 111 Wall St. Revamp
Nightingale Properties and Wafra Capital Partners (WCP) are seeking an $860-million redevelopment loan to fund the renovation and modernization of 111 Wall St. in the Financial District. The partnership has tapped a Newmark Knight Frank team led by Dustin Stolly and Jordan Roeschlaub to shop the debt.
The supporting deal team includes NKF’s Nick Scribani, Don Pavlov and Dominick Calisto. A JLL leasing team lead by Clark Finney, Frank Doyle, Benjamin Bass and Andrew Coe is handling leasing for the nearly $1.1-billion project, which will feature more than 1.1 million square feet of Class A office.
Nightingale and WCP acquired the leasehold interest in 111 Wall St. in January 2020 following the departure of Citigroup, the property’s sole tenant for the past 20 years. Speaking on condition of anonymity, market insiders said Nightingale and WCP recently signed a hard contract to acquire the leased fee position.
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- ◦Financing
