Taconic Investment Partners and TIAA’s Nuveen Real Estate borrow $181M from LoanCore Capital for office property in Lincoln Square

Taconic Investment Partners and TIAA’s Nuveen Real Estate through the entity 125 West End Associates LLC as borrower signed a loan agreement with lender LoanCore Capital through the entity Loancore Capital Credit Reit LLC valued at $181.0 million for 3 parcels, including the tax class O6 at 125 West End Avenue, 121 West End Avenue in Lincoln Square. The deal closed on October 30, 2019 and was recorded on October 31, 2019.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on February 4, 2013.
Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,791,946. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $928,995.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

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