{"id":1004097856,"date":"2014-06-06T06:57:21","date_gmt":"2014-06-06T14:57:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004097856"},"modified":"2022-12-07T22:29:41","modified_gmt":"2022-12-08T06:29:41","slug":"rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\/","title":{"rendered":"RXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building"},"content":{"rendered":"

By Anna Spiewak, News Editor<\/em><\/p>\n

\"61_Broadway\"<\/a><\/p>\n

RXR Realty has secured $200 million in acquisition financing for 61 Broadway, a 786,975-square-foot office building in downtown Manhattan.<\/p>\n

HSBC provided the $200 million non-recourse loan, in which $185 million was funded at closing with an additional $15 million in proceeds for future capital expenditures and leasing commissions to be drawn down by RXR’s option, according tot he news release.<\/p>\n

RXR bought the 98-year -old 33-story tower in March for $330 million from Broad Street Development, a company operated by Raymond Chalme and Daniel Blanco, according to Crains<\/em>.<\/p>\n

JLL represented the buyer both in the acquisition and financing transactions. Brokerage team Kelly Gaines, managing director and Brett Rosenberg, senior vice president led JLL in acquisition financing transaction<\/p>\n

“RXR has been looking for a downtown property for quite some time, they’re \u00a0very attracted to the downtown market because there’s a lot of room for rent growth there,” Gaines told Commercial Property Executive<\/em>.<\/p>\n

The historical skyscraper in the financial district is recognized for its clean, geometric shape and hosts a variety of tenants in the financial, legal, education, technology and healthcare sectors.<\/p>\n

In October, through a joint venture, RXR bought\u00a0237 Park Avenue, a 21-story office building<\/a>, from an entity controlled by an affiliate of Lehman Bros. Holdings Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"

RXR Realty has secured $200 million in acquisition financing for 61 Broadway, a 786,975-square-foot office building in downtown Manhattan.<\/p>\n","protected":false},"author":952,"featured_media":1004097865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,1600,21742],"tags":[],"class_list":["post-1004097856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-new-york","category-latest"],"acf":[],"yoast_head":"\nRXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building\" \/>\n<meta property=\"og:description\" content=\"RXR Realty has secured $200 million in acquisition financing for 61 Broadway, a 786,975-square-foot office building in downtown Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-06T14:57:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:29:41+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/61_Broadway.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"RXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building\",\"datePublished\":\"2014-06-06T14:57:21+00:00\",\"dateModified\":\"2022-12-08T06:29:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/\"},\"wordCount\":220,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/06\\\/61_Broadway.jpg\",\"articleSection\":[\"Featured\",\"Investment\",\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rxr-secures-200m-in-acquisition-financing-for-downtown-manhattans-787-ksf-office-building\\\/\",\"name\":\"RXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building - 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