Aug
21
Trinity Wall Street Scores $400M for NYC High-Rise
ByCushman & Wakefield arranged the acquisition financing for 375 Hudson St., a 19-story Class A office and retail building in Manhattan.
Trinity Wall Street has secured $400 million in acquisition financing for 375 Hudson St., a 19-story Class A office and retail building in Manhattan.
Cushman & Wakefield advised on the senior mortgage financing, which was provided by affiliates of Goldman Sachs Mortgage Co.
“375 Hudson presented lenders with an institutional Class A asset at an attractive basis, credit tenancy, and the highest quality sponsorship with a long history at the property,” John Alascio, Cushman & Wakefield’s executive director in its equity, debt & structured finance group, said in a prepared statement. “Goldman’s ability to offer both long-term financing along with a great deal of flexibility aligned them as the best partner for the transaction.”…
