arlmark to draw future funding for leasing costs, a source with knowledge of the loan told The Real Deal.
The financing replaces a $92.5 million loan that Pearlmark got from Canadian bank CIBC in 2013, property records show.
Representatives for Pearlmark and Blackstone could not be immediately reached for comment.
Newmark Knight Frank’s Dustin Stolly and Jordan Roeschlaub secured the financing on behalf of Pearlmark, along with their colleagues Nick Scribani and Chris Kramer.
Dustin Stolly and Jordy Roeschlaub
A number of the tower’s below-market leases are coming due, and Pearlmark’s “ability to roll near-term, below-market leases to market” helped during negotiations with lenders, Stolly said.
Roeschlaub added that with floor plates ranging from 8,000 to 10,000 square feet, the property is designed for small hedge funds and family offices.
“It’s got a diversified rent roll,” he said.
Tenants in the building include the Lanier Law Firm and the art appraisal company Winston Art Grou上海龙凤论坛sh1f