SL Green Realty Corp. has fully capitalized its 100 percent pre-committed development for New York City’s Pace University at 126 Nassau St. by executing the following transactions:
Entered into a partnership agreement with a real estate fund managed by Meritz Alternative Investment Management, which holds an 80 percent interest in the new joint venture, with SL Green retaining a 20 percent interest and oversight of the development
Closed on a $125 million construction financing facility provided by The Bank of China
126 Nassau St. is part of Pace University’s NYC Master Plan to revitalize its Lower Manhattan campus. Plans for the new 215,000-square-foot building include a new residence hall, a modern dining facility, a state-of-the-art library and learning center, as well as new classrooms, and academic and common spaces.
