{"id":1004178445,"date":"2017-05-30T06:08:45","date_gmt":"2017-05-30T14:08:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178445"},"modified":"2017-05-30T06:08:45","modified_gmt":"2017-05-30T14:08:45","slug":"one-lincoln-center-lands-21m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/one-lincoln-center-lands-21m-in-financing\/","title":{"rendered":"One Lincoln Center Lands $21M in Financing"},"content":{"rendered":"

By Corina Stef<\/p>\n

\"One<\/a>

One Lincoln Center, Syracuse, N.Y.<\/p><\/div>\n

Zamir Equities received $21 million in financing for One Lincoln Center, a 19-story office tower located at 110 W. Fayette St. in Syracuse, N.Y.<\/p>\n

The loan comprises a $19 million acquisition mortgage and $2 million financing used for the repositioning of the property. The deal was negotiated by Meridian Capital Group Vice President Steven Edelstein, Managing Director Steven Adler and Vice President Luke Hingson. Zamir Equities purchased the asset<\/a>\u00a0for $25.3 million, after it traded for $41.5 million in 2015, according to PropertyShark data.<\/p>\n

\u201cThanks to the sponsor\u2019s strong track record, Meridian was able to structure a financing solution that provided maximum leverage for the acquisition and repositioning of the property, while also securing below market pricing,<\/em>\u201d Hingson said in a prepared statement.<\/p>\n

The 305,594-square-foot office building was erected in 1970 and recently went through a multi-million dollar renovation featuring a new lobby, common areas and conference room, fitness center, elevators and improved HVAC system.\u00a0The asset is located close to main roads such as Interstate 81 and Interstate 690, providing easy access throughout the area and to New York City. It is also in close proximity to retailers, restaurants, entertainment centers, Syracuse City Court and Syracuse University. The building is 86 percent leased to notable tenants such as J.P Morgan Chase, Bond, Schoeneck & King, CadaretGrant, Arcadis and Earthlink.<\/p>\n

Image courtesy of Zamir Equities<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.<\/p>\n","protected":false},"author":241,"featured_media":1004178451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21747],"tags":[33375,35816,35469],"class_list":["post-1004178445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-meridian-capital-group","tag-one-lincoln-center","tag-zamir-equities"],"acf":[],"yoast_head":"\nOne Lincoln Center Lands $21M in Financing - 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\/one-lincoln-center-lands-21m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One Lincoln Center Lands $21M in Financing\" \/>\n<meta property=\"og:description\" content=\"Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/one-lincoln-center-lands-21m-in-financing\/\" \/>\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=\"2017-05-30T14:08:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\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\\\/one-lincoln-center-lands-21m-in-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-lincoln-center-lands-21m-in-financing\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"One Lincoln Center Lands $21M in Financing\",\"datePublished\":\"2017-05-30T14:08:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-lincoln-center-lands-21m-in-financing\\\/\"},\"wordCount\":240,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-lincoln-center-lands-21m-in-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Webp.net-resizeimage5.jpg\",\"keywords\":[\"Meridian Capital Group\",\"One Lincoln Center\",\"Zamir Equities\"],\"articleSection\":[\"Finance\",\"New York\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-lincoln-center-lands-21m-in-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-lincoln-center-lands-21m-in-financing\\\/\",\"name\":\"One Lincoln Center Lands $21M in Financing - 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