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Mixed-Use Property at 530-536 Broadway Gets $305M in Refinancing

Wharton Properties and Thor Equities obtained the loan from Morgan Stanley for adjoining SoHo buildings.

Aaron Appel Aaron Appel, vice chairman at JLL, says the property’s location helped attract a broad range of lenders.

NEW YORK CITY—Wharton Properties and Thor Equities have taken out a $305 million floating-rate loan to refinance three adjoining mixed-use buildings in SoHo at 530-536 Broadway. Morgan Stanley provided the three-year, non-recourse financing.

The financing covers 530 and 536 Broadway, two 10-story buildings, and 532 Broadway, an 11-story building. The buildings have a combined total of 201,224 square feet of rentable space. The 24,132 square feet of ground-floor retail space is fully leased with tenants including Skechers and Club Monaco.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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