Cushman & Wakefield’s EDSF team, consisting of Chase Johnson and Caleb Riebe based in Austin, has successfully closed a $24 million acquisition financing deal for The Plant. This 246,343-square-foot office building is located at 321 W. 44th St. in Midtown Manhattan and the loan was sourced from a life company lender.
The Plant is an updated office property in Manhattan with current occupancy at 56%. Its tenant list includes Broadway Dance Center, TagWall, AKA NYC Limited, Sony Records and Sunlight Studios.
Johnson stated that securing this loan during such a challenging time for lending to office properties showcases the dedication and expertise of their team at Cushman & Wakefield. He also expressed excitement about being part of The Plant’s continued success under new ownership.
