Assignment
Trimont was engaged on multiple assignments by major investment banks and a domestic real estate lender to provide asset management and servicing on $759 million of senior loans, subordinate loans, and client equity interests.
Asset
230 Park, formerly known as the Helmsley Building, is a 35-story office building located in Midtown Manhattan. It was built in 1929 as the headquarters of the New York Central Railroad and was the tallest building in the great “TerminalCity” complex around Grand Central. The landmark building is an example of the Beaux-Arts style and was designated a New York City Landmark in 1987. It features a rentable area of 1.14 million square feet and offers direct access to Grand Central Station. After undergoing over $100 million in capital improvements, the building is now home to many well-known tenants including ING, Simon Property Group, and Six Flags Entertainment Corporation.
Insights
- 230 Park was the first pre-war office building to achieve gold LEED certification.
- The building was designed by Warren & Wetmore, the same architects that designed Grand Central Terminal.
- The one of a kind cupola at the top of the building is one of many unique features that make 230 Park one of the most prestigious and photographed buildings in Manhattan. Tenants and guests experience breathtaking views up Park Avenue and direct access to Grand Central Station.