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Acquisitions

Cara lands Refi for 670 Broadway

GMBH’s 670 Broadway (Credit: Google Maps)

Cara Investment GmbH has secured a $66 million loan from German lender Landesbank Baden-Württemberg (LBBW) to refinance 670 Broadway in Noho. The office and retail building spans 77,600 SF, and is located between Bond and Great Jones Streets.

  • Financing details: The permanent financing took out $66 million in previous acquisition debt that facilitated Cara’s $130.5 million purchase of the property in January 2019, CO reported
  • Sound Smart: Major tenants include Bandier (28,000 SF) and Equinox Fitness (28,000 SF). The building is currently 98 percent occupied.
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