NEW YORK CITY – Taconic Investment Partners and Nuveen Real Estate have secured a $181 million LoanCore Capital loan to fund the redevelopment of 125 West End Ave., a 484,774-square-foot, two-building Campus that occupies the entire block along West End Avenue from West 65th Street to West 66th Street.
The floating rate-acquisition and bridge loan will fund the repositioning of the property, which sits on a 2.3-acre lot and formerly served as a Chrysler automotive facility when it was built in 1929.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
