Nightingale Properties and Wafra Capital Partners has closed an acquisition and construction loan for 111 Wall Street in New York.
The frequent institutional joint venture partners will use a debt package exceeding $500 million to reposition and redevelop 111 Wall Street into a one-of-a-kind class A office destination in the heart of downtown Manhattan.
Situated on an entire city block between Wall Street and Gouverneur Lane, 111 Wall Street benefits from a strategic and unrivaled waterfront location featuring sweeping and perpetually protected views of the Manhattan and Brooklyn skylines, New York Harbor, and the East River. 111 Wall Street offers immediate access to mass transit, as it is adjacent to Wall Street Pier 11 as well as the 1, 2, 3, 4, 5, A, C, E, J, R, W and Z subway lines and the Wall Street Helipad.
The iconic 25-story property, spanning approximately 1.2 million square feet, will revolutionize the downtown Manhattan workplace with cutting-edge
