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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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Sonnenblick-Goldman Company Arranges $175,000,000 Debt
Recapitalization For 100 Park Avenue |
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Wednesday, October 26, 2005
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New York, NY
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Sonnenblick-Goldman Company, as financial advisor to SLG 100 Park LLC, has arranged a $175,000,000 debt recapitalization for 100 Park Avenue in New York City. The owner is a joint venture between and affiliate of SL Green Realty Corp. and Prudential Real Estate Investors, which is acting on behalf of investors.
The proceeds from the recapitalization will be used to completely renovate the asset. Not only does the renovation contemplate a new lobby, entrance, and façade, but also the entire mechanical system and HVAC system will be re-fitted to provide state-of-the-art services.
The 36-story, 847,633 square foot building’s impressive tenant roster includes Altria, J&W Seligman Co., Inc., Interep National Radio Sales, HQ Global Workplaces and Goodkind, Labaton, Rudoff & Sucharow.
Sonnenblick-Goldman’s financing team was led by Morton Holliday, Managing Director and included Mark Ehlinger, Director, Alex Hernandez, Vice President and Amy Shah, Analyst.
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Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
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