Friday 31 August 2018

Pearlmark refis Tower 56 with $125M Blackstone loan

Pearlmark Real Estate Partners landed a $125 million loan from the Blackstone Group to refinance its boutique Tower 56 office building in the Plaza District. Chicago-based Pearlmark, headed by CEO Stephen Quazzo, started searching for new debt in the spring to refinance the 33-story office tower it bought from Harry Macklowe’s Macklowe Properties for $158 million in 2008. The 187,000-square-foot property between Park and Lexington avenues at 126 East 56th Street was part of the […]



source https://therealdeal.com/2018/08/31/pearlmark-refis-tower-56-with-125m-blackstone-loan/

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