JLL’s Capital Markets group has arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot trophy office tower located in the Bryant Park micro-market of Midtown Manhattan.
JLL represented the owner, Ivanhoé Cambridge (the real estate group of CDPQ), as well as Hines, who serves as the asset manager and property manager, to arrange the refinancing led by Wells Fargo, Bank of America and Bank of Montreal.
3 Bryant Park stands out as one of New York City’s premier and highest-performing trophy properties, a position that has been bolstered by continued capital investment from sponsorship since taking ownership, including the introduction of a brand-new amenity offering this year. Currently 97.2 percent leased, 3 Bryant Park features an elite roster of tenants, with a majority of the tower leased by creditworthy tenants including Salesforce, Stifel, Dechert LLP, US Bank, Lloyds Bank and Standard Chartered.
The 42-story tower offers its
