{"id":1004398043,"date":"2020-03-06T05:22:01","date_gmt":"2020-03-06T13:22:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004398043"},"modified":"2020-03-06T05:22:01","modified_gmt":"2020-03-06T13:22:01","slug":"shvo-led-jv-lands-210m-for-manhattan-building-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/","title":{"rendered":"SHVO-Led JV Lands $210M for Manhattan Building Acquisition"},"content":{"rendered":"<div id=\"attachment_1004398076\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004398076\" data-attachment-id=\"1004398076\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/530-broadway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway.jpg\" data-orig-size=\"579,916\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"530 Broadway\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;530 Broadway. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway.jpg?w=579\" class=\"wp-image-1004398076 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway.jpg\" alt=\"\" width=\"190\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway.jpg 579w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway.jpg?resize=190,300 190w\" sizes=\"auto, (max-width: 190px) 100vw, 190px\" \/><\/a><p id=\"caption-attachment-1004398076\" class=\"wp-caption-text\">530 Broadway. <em>Image courtesy of JLL<\/em><\/p><\/div>\n<p>A SHVO-led joint venture that includes Deutsche Finance America and BLG Capital Ltd. has received $210 million in acquisition financing from LoanCore Capital LLC toward the purchase of 530 Broadway, a nearly 200,000-square-foot mixed-use building in Manhattan\u2019s SoHo neighborhood.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/moinian-breaks-ground-on-manhattan-project\/\">$200M West Side Manhattan Office Building Breaks Ground<\/a><\/p>\n<hr>\n<p>The joint venture purchased the 11-story office and retail property with three interconnected buildings from Wharton Property Advisors and Thor Equities in a separate transaction for nearly $400 million, according to media reports. Constructed in 1898, the building is located at the corner of Broadway and Spring Street. The building\u2019s office space is fully leased with tenants including Anomaly, JKR and Knotel, which leased 49,000 square feet in a 10-year lease agreement that started in July 2018, according to Yardi Matrix data. Retail tenants include Skechers, Club Monaco and AT&amp;T.<\/p>\n<p>A JLL Capital Markets team led by Michael Tepedino, David Sitt and Robert Tonnessen helped secure the loan from LoanCore Capital and oversaw the financing transaction. Tepedino said in a prepared statement the 11-story office and retail property is a prime asset and will be a valuable part of the team\u2019s portfolio.<\/p>\n<h2><strong>Other acquisitions<\/strong><\/h2>\n<p>SHVO, Deutsche Finance and BLG Capital have partnered on the acquisition of six other properties in the past 18 months, including 685 Fifth Ave. and 711 Fifth Ave. in New York City. Known as The Coca-Cola Co. Building, 711 Fifth Ave., is a 313,200-square-foot building in the Plaza District that sold for $909.3 million and was the <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-24\/\">top office building sale<\/a> in September 2019 in New York City, according to PropertyShark. Like 530 Broadway, it also has retail, about 20,000 square feet on lower levels.<\/p>\n<p>In February, SHVO led a partnership that also included Deutsche Finance in a deal to <a href=\"https:\/\/www.commercialsearch.com\/news\/san-francisco-emblem-transamerica-pyramid-to-reportedly-sell-for-700m\/\">buy the iconic Transamerica Pyramid Center<\/a> in San Francisco for $711 million. That deal is expected to close in the second quarter. It is the first time the 501,456-square-foot tower has been sold. Other recent SHVO-led acquisitions include 9200 Wilshire Blvd. in Beverly Hills, Calif., and the <a href=\"https:\/\/www.commercialsearch.com\/news\/historic-miami-hotel-sells-for-103m\/\">historic 83-key Raleigh Hotel<\/a> at 1775 Collins Ave. in Miami Beach, which was purchased for $103 million in an all-cash deal from a partnership between Tommy Hilfiger and Dogus Group, a Turkish conglomerate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL Capital Markets has secured the financing from LoanCore Capital LLC.<\/p>\n","protected":false},"author":1068,"featured_media":1004398073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21752,1600,21742,10],"tags":[32796,44006,48632,32776],"class_list":["post-1004398043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-mixed-use","category-new-york","category-latest","category-northeast","tag-jll","tag-jll-capital-markets","tag-shvo","tag-thor-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SHVO-Led JV Lands $210M for Manhattan Building Acquisition - 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\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHVO-Led JV Lands $210M for Manhattan Building Acquisition\" \/>\n<meta property=\"og:description\" content=\"JLL Capital Markets has secured the financing from LoanCore Capital LLC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/\" \/>\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=\"2020-03-06T13:22:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/\",\"name\":\"SHVO-Led JV Lands $210M for Manhattan Building Acquisition - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg\",\"datePublished\":\"2020-03-06T13:22:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SHVO-Led JV Lands $210M for Manhattan Building Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SHVO-Led JV Lands $210M for Manhattan Building Acquisition - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"SHVO-Led JV Lands $210M for Manhattan Building Acquisition","og_description":"JLL Capital Markets has secured the financing from LoanCore Capital LLC.","og_url":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-03-06T13:22:01+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/","url":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/","name":"SHVO-Led JV Lands $210M for Manhattan Building Acquisition - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg","datePublished":"2020-03-06T13:22:01+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/shvo-led-jv-lands-210m-for-manhattan-building-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"SHVO-Led JV Lands $210M for Manhattan Building Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/530-Broadway-featured.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004398043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004398043"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004398043\/revisions"}],"predecessor-version":[{"id":1004398082,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004398043\/revisions\/1004398082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004398073"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004398043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004398043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004398043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}