PHILADELPHIA, PA—Cushman & Wakefield is serving as exclusive advisor to an affiliate of The Brickstone Companies to arrange the recapitalization of Mellon Independence Center, 701 Market Street, Philadelphia, PA. The $88.2 million transaction involved securing joint venture equity from Madison International Realty and debt financing from Natixis Real Estate Capital.
The Cushman & Wakefield Equity, Debt & Structured Finance team of Steve Kohn, Dave Karson, Alex Hernandez, Chris Moyer, and Suraj Ravi worked with The Brickstone Companies.
“The capital markets respected Brickstone's extensive history with this historic architectural edifice, and valued Brickstone's successful re-tenanting of the property with high-quality credit tenants,” says Kohn, president of Cushman & Wakefield's Equity, Debt and Structured Finance group.
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