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Sonnenblick-Goldman do $140M mortgage.


Sonnenblick-Goldman Company, acting as the exclusive financial advisor to Silverstein Properties, Inc., arranged a first mortgage loan to finance the purchase of the leasehold interest in 120 Broadway in Downtown Manhattan. 120 Broadway Associates LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, which purchased the property, is a joint venture comprised of Larry A. Silverstein, Blackstone Real Estate Partners III, L.P. and Walton Street Walton Street is a street in central Oxford, England, located in the heart of the area known as Jericho.

The street runs north from the western end of Beaumont Street where the main entrance of Worcester College is located.
 Real Estate Fund III, L.P. A consortium of 12 banks, led by Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , provided the $140 million first mortgage.

Built in 1915, 120 Broadway is a premier pre-war office building in Downtown Manhattan. The 41-story, 1.841 million square-foot Class A office building occupies the city block that is bounded by Broadway, Nassau Street Nassau Street could refer to several different locations:
  • Nassau Street (Dublin) – a street in Dublin, Ireland.
  • Nassau Street (Winnipeg) – a street in Winnipeg, Manitoba.
  • Nassau Street (Princeton) – a street in Princeton, New Jersey.
, Cedar Street and Pine Street.

The landmark building is currently 92 percent leased with tenants such as the Department of Law of the State of 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
,; Spear, Leeds & Kellogg; and Donaldson, Lufkin and Jenrette, Inc.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:May 17, 2000
Words:152
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