News on the New Financing at the News Building

An SL Green Realty Corp. affiliate has taken out a seven-year, $275 million senior mortgage loan at one of the city's iconic building.

GlobeSt.com reports that the deal for 220 E. 42nd St.--best known as the News Building, and made famous by an association with the 1950s Superman TV series, and characterized by a huge globe in the lobby--was written by by Wells Fargo, and Cushman & Wakefield served as an adviser on the deal.

The New York Daily News left the building named after it in 1995, but it still includes long-term leasing deals with television station WPIX, and its parent, Tribune Co., among others.  Details on SL Green's web page for the property, which includes current vacancies, here

The GlobeSt.com article, here, includes the dealmakers at Cushman & Wakefield: the equity, debt & structured finance team consisted of president Steve Kohn; executive managing director Dave Karson; managing director Alex Hernandez; director Christopher Moyer, and John Spreitzer, associate.

Cushman & Wakefield's press release can be found here.

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