Newmark Arranges Acquisition And Construction Loan For 111 Wall Street On Behalf Of Nightingale Properties And Wafra Capital Partners
NEW YORK, June 14, 2021 /PRNewswire/ -- Newmark¹ announces that it has closed an acquisition and construction loan for 111 Wall Street, New York, on behalf of Nightingale Properties ("Nightingale") and Wafra Capital Partners ("WCP"). The frequent institutional joint venture partners will use a debt package exceeding $500 million to reposition and redevelop 111 Wall Street into a one-of-a-kind Class A office destination in the heart of Downtown Manhattan. The Newmark team, led by Dustin Stolly and Jordan Roeschlaub, Vice Chairmen and Co-Heads of the New York Debt & Structured Finance team, secured the debt. David Blaivas of Blaivas & Associates, P.C.
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