Carlton crunches the numbers for Swig's Broad Street recap.Carlton Advisory Services' Chairman Howard L. Michaels announced that Carlton has arranged a joint venture equity recapitalization, on behalf of SwigEquities, for 90 Broad Street, a prime 400,000 s/f office building, superbly located on a full block site in the heart of Manhattan's historic Financial District. Carlton, which generated a multitude of competitive institutional equity term sheets for this transaction, ultimately settled on one of the largest institutional investors in the country due to its favorable financial structure and ability to execute in a timely manner. The transaction provides the investor with the opportunity to invest alongside one of Downtown's most successful developers in an irreplaceably located, core asset, with an in-place roster of credit and credit-quality tenants under long term leases. 90 Broad Street is a 25 story, first class office building centrally located on a full block-front site across the street from the headquarters of Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. in Downtown Manhattan. The property's classic prewar design is emphasized by its dramatic Beaux beaux n. A plural of beau. Arts style lobby, which features a barrel vaulted ceiling and gold,leaf finishes. The freestanding building has significant window coverage that offers an abundance of light, air and unobstructed river views from the tower floors. SwigEquities has begun to implement a comprehensive business plan for the property that should allow it to create substantial unrealized value. While the building's in-place leases continue to provide secure income, the vacancies, represent some of the most attractive space and offer the owners the opportunity to increase returns and capture the asset's full upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar . SwigEquities also intends to invest a significant amount of capital to upgrade/improve the property, which will justify further rental increases as existing tenants roll to market rates. In addition to Mr. Michaels, the Carlton team included John Bralower, Michael J. Campbell and Joel Mazur. The Carlton Group has specialized in identifying passive, promotable equity transactions over the past several years. Carlton has performed similar services for the owners of the GM Building in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Bank of America Center There are two Bank of America Centers
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