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SoHo Office and Retail Property Refinanced Through ACORE Capital
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Walker & Dunlop, Inc. has arranged $216 million in bridge financing to refinance 568 Broadway, a mixed-use trophy asset located in Manhattan’s SoHo neighborhood. The Walker & Dunlop Capital Markets Institutional Advisory team served as exclusive advisor to a joint venture between Aurora Capital, Allied Partners and A&H Acquisitions.

Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre arranged the financing with ACORE Capital.

“Few assets can match this Broadway property’s combination of premier corner positioning, Broadway frontage, strong retail tenancy, recently upgraded infrastructure, and flexible office product,” said Stolly. “SoHo remains one of Manhattan’s most supply-constrained office and retail submarkets, with limited large-block inventory and minimal new competitive supply. That scarcity limits competitive leasing pressure while supporting future rent growth, occupancy durability, and long-term value.”

568 Broadway is a 12-story, 390,745-square-foot property comprising of office and retail space. The property’s approximately 70,870-square-foot retail component is 100% leased to Hugo Boss, Athletic Propulsion Labs, GU, and Equinox, while the office component is leased to a mix of tenants including Zocdoc, The Farmer’s Dog, and Milk Makeup.

The post SoHo Office and Retail Property Refinanced Through ACORE Capital appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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