Kurland and Appel of Meridian arranges $130 million in financing; Avison Young serving as leasing agent for Paramount Building

Meridian Capital Group, LLC negotiated $130 million in new financing for The Paramount Building on behalf of the building's owner, Paramount Leasehold, L.P. Avison Young serves as the exclusive office leasing agent for the 33-story, 788,000 s/f commercial tower, located at 1501 Broadway in Times Square. The 10-year loan was provided by Cantor Commercial Real Estate. Meridian SVP Keith Kurland and managing director Aaron Appel, both based in Meridian's New York City headquarters, originated and negotiated the transaction. The Avison Young team advising building ownership consists of Arthur Mirante II, principal and Tri-State president; Michael Gottlieb, principal; Whitney Meyer, senior vice-president; and Thomas Hines, associate. Avison Young's Edward Walsh, principal and managing director of project management; and Joseph Polise, director of construction, are also part of the team managing the assignment. Tobin | Parnes Design Enterprises is the architect for the project.