New York City’s historic blizzard didn’t just drop snow on Global Holdings’ Nomad office tower — it also appears to have brought a deal for hundreds of millions in fresh debt.
Eyal Ofer’s firm landed $450 million in commercial mortgage-backed securities debt to refinance NoMad Tower at 1250 Broadway, the Commercial Observer reported. The three-year loan was supplied by Wells Fargo.
Eastdil Secured’s Grant Frankel, Rob Turner and Ethan Pond arranged the debt.
Global Holdings purchased 1250 Broadway in 2016 from Jamestown and Murray Hill Properties for $565 million. The company rebranded the 39-story building as NoMad Tower and launched a $50 million renovation, moving the building’s lobby from West 32nd Street to West 31st Street and redesigning the facades of the lower floors.
Since then, a number of notable tenants have signed deals at 1250 Broadway. In 2019, language services and tech firm TransPerfect signed a deal for five floors across 124,000 square feet of the tower. Zillow Group inked a 130,000-square-foot lease at NoMad Tower shortly beforehand.
More recently, fintech firm Ridgeline Apps signed a five-year lease for nearly 15,000 square feet, while communications company APCO Worldwide signed an 11-year lease for over 15,000 square feet.
The most recent deal came in November, when artificial intelligence lending firm UpStart signed a seven-year lease for 15,000 square feet.
Elsewhere in Manhattan, Global Holdings this month secured a $190 million loan to refinance Anagram Columbus Circle, a 26-story, 123-unit luxury building located at 1 West 60th Street on the Upper West Side; the debt was provided by JPMorgan Chase and Sumitomo Mitsui Trust Bank.
That’s not all. In October, Global Holdings and its partners refinanced a Netflix-leased Union Square office building to the tune of $130 million. DekaBank and Crédit Agricole provided the financing for 888 Broadway.
And in July, Global Holdings sealed a $249.2 million loan for Anagram NoMad. Wells Fargo originated the Freddie Mac-backed loan for 10 East 29th Street.— Holden Walter-Warner
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Global Holdings signs flurry of leases at Nomad Tower
Eyal Ofer nabs $190M refi for Anagram Columbus Circle
StreetEasy inks lease for 130K sf at Global Holdings’ 1250 Broadway
