Manhattan, NY Cole Schotz P.C. represented Cove Property Group in connection with a $724.2 million financing for Hudson Commons, Cove’s 25-story, 698,000 s/f office redevelopment, located at 441 Ninth Ave., in the Hudson Yards submarket.

The firm represented Cove in negotiation of the construction and mezzanine loans from Parlex 1 Finance, LLC, Parlex 2A Finco, LLC and Parlex 3A Finco, LLC, affiliates of Blackstone Mortgage Trust, which refinanced the existing loans with Apollo Global Management and JPMorgan Chase. Hudson Commons is 65% leased by tenants Peloton, Lyft and Brevet Capital Management. The deal closed on November 25^th.

The Cole Schotz team included members Leo Leyva, Jordan Metzger and John Park, with support from associates Samantha Epstein, Danielle Pasquariello, Robyn Pellegrino and Cristina Riggio. 

Cove is a New York City-based owner, operator and developer of innovative institutional grade commercial real estate.

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• Manhattan
• Hudson Yards
• financing