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BLACKSTONE BUYS DEBT FOR 1140 AVENUE OF AMERICAS

Posted on by in Northeast, Office

NEW YORK CITY — Blackstone Group has acquired the senior and mezzanine loans secured by the leasehold interest in a Manhattan office tower for $98.25 million. The property is a 22-story, 236,000-square-foot, Class A tower located at 1140 Avenue of the Americas. The seller was a bank consortium led by Landesbank Baden-Württemberg. The Holliday Fenoglio Fowler team of Andrew Scandalios, Whitney Wilcox and Jeffrey Julien represented the seller.

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