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C&W SONNENBLICK GOLDMAN ARRANGES RECAP OF OFFICE TOWER

NEW YORK CITY — Cushman & Wakefield Sonnenblick Goldman has arranged a joint venture for the recapitalization of 31 West 52nd Street, a 776,849-square-foot office tower located in the Plaza District of Midtown Manhattan, New York City. The joint venture consists of Paramount Group, which acquired the tower last year, and a corporate pension trust advised by JPMorgan Asset Management. The property was designed by award-winning architect Kevin Roche of Kevin Roche John Dinkeloo & Associates. Tenants include law firm Clifford Chance, as well as several financial service companies. Details of the transaction were not released.

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