Citizens Commercial leads $91 million in financing for DivcoWest

Manhattan, NY According to Citizens Commercial Banking, its commercial real estate finance team is leading a $91 million loan for DivcoWest, to acquire a 15-story, 192,000 s/f, boutique office property located at 311 West 43rd St. in the Hell’s Kitchen neighborhood.

“Citizens’ Commercial Real Estate bankers are trusted partners who deliver valuable advice,” said Ariel Aber, senior director at DivcoWest. “The Citizens team’s knowledge of the commercial real estate landscape and their close attention to detail made for a seamless transaction.”

“At Citizens, we try to think about the needs of our clients from their point of view and offer the best solutions,” said Sean Randall, team leader and senior vice president at Citizens Bank. “Providing acquisition loans is just one of the ways that Citizens delivers substantial value for our clients.”

Known locally as the Press Building, the property was once named The Scribner Building and provided printing, platemaking, typesetting and binding for some of the most famous novels by Ernest Hemingway, F. Scott Fitzgerald, Stephen King and Tom Wolfe, among others.

Tags: Brokerage

Reprint

Previous Story Next Story

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Lackawanna, NY Agri-Plastics, a global leader in the manufacturing of plastic products for agricultural, industrial, recreational, environmental, and home industries, has signed a 64,000 s/f lease to open a

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

Island Associates lease 1,050 s/f at Marion Oak Plaza

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Marcus & Millichap sells 17-unit multi-family for $8.8m

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Finance

G.S. Wilcox & Co. secures $110.5 million in financing for NJ industrial portfolio

Columns and Thought Leadership

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent