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TriBeCa Film Festival’s Onetime Home Lands $141M Loan
JLL has arranged a $141-million loan to finance the transformation of 15 Laight St. into a boutique office building at the convergence of New York’s TriBeCa, SoHo and Hudson Square neighborhoods. The group worked on behalf of an affiliate of Vanbarton Group LLC to place the loan with Paramount Group.
A JLL capital markets team of Aaron Appel, Jonathan Schwartz, Max Herzog, Mark Fisher, Brian Buglione and Patrick Cotter handled the debt assignment. 15 Laight is the former home of the TriBeCa Film Festival.
“Strong demand for newly-built or repositioned Class A office space in TriBeCa, SoHo, Hudson Square and surrounding areas is supported by tight vacancy rates and positive employment numbers,” said Appel (pictured).
He added that the 15 Laight transformation not only offers a potential tenant “a high-end office experience in one of Manhattan’s most sought-after areas,” but also provides an opportunity to occupy an entire floor or building.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development
