Walker & Dunlop Arranges $216 Million Refinancing for Trophy Broadway Property in Manhattan

For best results when printing this announcement, please click on link below: Walker & Dunlop Arranges $216 Million Refinancing for Trophy Broadway Property in Manhattan Walker & Dunlop, Inc. announced today that it arranged $216 million in bridge financing to refinance 568 Broadway, a mixed-use trophy asset located in Manhattan’s SoHo neighborhood. This press release features multimedia. View the full release here: 568 Broadway.

Photo Credit: Aurora Capital, Allied Partners, and A&H Acquisitions Walker & Dunlop Capital Markets Institutional Advisory served as exclusive advisor to a joint venture between Aurora Capital, Allied Partners, and A&H Acquisitions. Aaron Appel ( ), Dustin Stolly ( ), Jonathan Schwartz ( ), Keith Kurland ( ), Adam Schwartz ( ), Sean Reimer ( ), Jordan Casella ( ), and Stanley Cayre arranged the financing with ACORE Capital.

“Few assets can match this Broadway property’s combination of premier corner positioning, Broadway frontage, strong retail tenancy, recently upgraded infrastructure, and flexible office product,” said Stolly, senior managing director of Capital Markets Institutional Advisory at Walker & Dunlop. “SoHo remains one of Manhattan’s most supply-constrained office and retail submarkets, with limited large-block inventory and minimal new competitive supply. ” 568 Broadway is a 12-story, 390,745-square-foot property comprising of office and retail space.

The property’s approximately 70,870-square-foot retail component is 100% leased to Hugo Boss, Athletic Propulsion Labs, GU, and Equinox, while the office component is leased to a mix of tenants including Zocdoc, The Farmer’s Dog, and Milk Makeup. Located at the prominent corner of Broadway and Prince Street, 568 Broadway benefits from exceptional visibility, frontage, and pedestrian traffic at the intersection of SoHo’s high-volume retail corridor and its luxury, pedestrian-driven shopping district.

Surrounded by premier retail, fashion, technology, media, wellness, and consumer brands, the property offers a highly desirable setting for both office and retail users in one of Manhattan’s most sought-after mixed-use neighborhoods. 6 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. com: Media: Nina H. com)