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News release

New York

JLL announces $120 million refinancing of landmark Bryant Park office asset


NEW YORK, May 3, 2018 – JLL's Capital Markets experts have arranged a $120 million floating-rate loan to refinance 130 West 42nd, a Class A office tower with ground floor retail in the Bryant Park/Times Square neighborhood. The loan was secured on behalf of Tribeca Associates. 

Vice Chairman Aaron Appel, Managing Director Jonathan Schwartz and Executive Vice Presidents Brett Rosenberg and Adam Schwartz led the JLL Capital Markets team handling the debt assignment. 

130 West 42nd Street is a 29-story office building totaling approximately 250,000 square feet.  Steps from Bryant Park and within one block of fifteen subway lines, 130 West 42nd Street offers a unique blend of modern luxury with authentic historic architecture. The landmarked office tower has been completely redesigned and is the only boutique property of its kind in the Bryant Park submarket.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm's 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.