Signature Bank provided the company with a $62 million mortgage, while Mack Real Estate provided a mezzanine loan for $20.5 million, according to Commercial Observer.
The Real Deal reported in April that Sioni Group was in contract to buy DKNY’s Midtown office from JPMorgan Chase, Jonathan Rose Companies and Olmstead Properties. The building spans 160,000 square feet, and DKNY takes up 143,000 square feet of space.
However, DKNY’s lease expires in 2020, and the company is not expected to renew it. [CO] – Eddie Small