70 Pine Street in New York City

JLL Capital Markets Arranges $395 Million Refinancing for 70 Pine Street in New York City 

by Channing Hamilton

NEW YORK CITY — JLL Capital Markets has brokered the $395 million refinancing of 70 Pine Street, a 66-story mixed-use property situated within New York City’s financial district. JLL worked on behalf of the borrowers, DTH Capital and Rose Associates, to secure the financing through Goldman Sachs. Christopher Peck, Geoff Goldstein and Christopher Pratt led the JLL Capital Markets Debt Advisory Team.

70 Pine Street was originally built in 1932 for office use. The building was renovated in 2016, and now offers residential units, retail space and a 165-key hotel. The residential component of the property comprises 612 units featuring hardwood floors, stone countertops, stainless-steel appliances and in-unit washers and dryers. Amenities include a 22,000-square-foot fitness center, children’s playroom, co-working and lounge spaces, two golf simulators, two bowling alleys and a screening room in the property’s historic bank vault.

The property also includes two Michelin-starred restaurants, SAGA and Crown Shy, as well as a cocktail bar called Overstory. Other retail options include a gourmet market, beauty salon, coffee shop and a quick-service restaurant.

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