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Criterion Provides $125M Loan for Refinancing of Manhattan Office Building

817-Broadway

The office building at 817 Broadway in Manhattan's Union Square neighborhood totals 140,000 square feet and was originally constructed in 1895.

NEW YORK CITY — Criterion Real Estate Capital has provided a $125 million loan for the refinancing of 817 Broadway, a 140,000-square-foot office building in Manhattan’s Union Square neighborhood. The property was originally built in 1895 and features a 4,000-square-foot rooftop terrace. The borrower, Taconic Partners, which acquired the asset in 2016 in partnership with Nuveen Real Estate, will use a portion of the proceeds to fund tenant improvements and leasing costs.

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