Square Mile Capital Management | TRD Research
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Square Mile Capital Management

450 Park Avenue
New York, NY 10022
(212) 605-1000
Website
[email protected]

Square Mile Capital Management LLC is a real estate investment firm founded in 2006 by Jeff Citrin and Craig Solomon. The firm, which struggled during the downturn of property prices in the wake of the financial crisis, has bounced back along with prices. New York City-based Square Mile invests in physical properties in the United States as well as real estate-derived equity, debt and hybrid financial products. The firm's investors include sovereign wealth funds and government pension funds. The firm is best known for its legal battle with Kent Swig, a developer and investor, who said in September 2009 he would declare bankruptcy if Square Mile called in the $28 million it had lent him. In March 2012, USAA Real Estate took a minority stake in Square Mile, with Citrin and Solomon retaining a majority stake in the firm. In November 2011, Square Mile and Taconic Investment said they were teaming up to convert 837 Washington Street into a retail and office building. When it launched, Square Mile collaborated with a wide range of players invested in outer-borough apartment buildings, but it has since become more focused on Manhattan.

Square Mile Capital Management, Managing Principal
450 Park Avenue, New York, NY, (212) 605-1000
Craig Solomon is the founder, along with business partner Jeff Citrin, of Square...
Square Mile Capital Management, Founder
450 Park Avenue, New York, NY, (212) 605-1000
Jeffrey Citrin is the founder, along with business partner Craig Solomon, of Square...
  • Event Sales
  • Address 1601 Bronxdale Avenue
  • Neighborhood Morris Park
  • Borough Bronx
  • Square feet 305,000
  • Price $ 89,000,000
  • Publication Date 05/09/2019
  • Event Date 05/07/2019
  • Party 1 Sackman Enterprises
  • Party 1 Brokerage Pinnacle Realty
  • Party 2 Himmel + Meringoff, Square Mile Capital Management
notes
The buyer secured the Morris Park property for $89 million.
  • Event Office Leasing
  • Address 30-30 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 25,744
notes
The Canadian toy company inked a 6-year lease for the Long Island City location.
  • Event Financing
  • Address 1 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 180,646
  • Price $ 161,000,000
notes
The owner secured a loan of $161 million for the Financial District property.
  • Event Financing
  • Address 2341 Adam Clayton Powell Jr Boulevard
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 71,000,000
notes
The owner secured a loan of $71 million for the Harlem property.
  • Event Financing
  • Address 29-22 Northern Boulevard
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 380,700
  • Price $ 138,500,000
notes
The owner secured a loan of $138.5 million for the Long Island City property.
  • Event Financing
  • Address 1277 East 14th Street
  • Neighborhood Midwood
  • Borough Brooklyn
  • Square feet 265,000
  • Price $ 115,000,000
notes
The owner secured a loan of $115 million for the Midwood property.
  • Event Office Leasing
  • Address 30-30 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 25,000
notes
The toy company relocated to the 6th floor of the Long Island City building.
  • Event Financing
  • Address 202 Broome Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 260,000,000
notes
The owner secured a $260 million construction loan for the last building at Essex Crossing.
  • Event Financing
  • Address 306 East 61st Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 58,340
  • Price $ 51,000,000
notes
The company secured a $51 million mortgage to buy the Lenox Hill property.
  • Event Financing
  • Address The Dime, 263 South 5th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 150,000,000
notes
The developers obtained $150 million in construction financing for the South Williamsburg rental tower The Dime.
  • Event Financing
  • Address 3143-3149 Broadway; 500 Cathedral Parkway; 111 West 104th Street; and 242 West 109th Stree
  • Neighborhood Morningside Heights
  • Borough Manhattan
  • Square feet 135,000
  • Price $ 72,000,000
notes
The multifamily-focused investment firm received a loan.
  • Event Office Leasing
  • Address 30-30 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 17,000
notes
The jewelry maker signed an 8-year lease for the 5th floor. Rents in the building range from high $30s to mid $40 per square foot.
  • Event Financing
  • Address 365 Bond Street
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Square feet 323,193
  • Price $ 120,000,000
notes
The borrower secured a $120 million 2-year, 3.5% interest refinance loan, which will mature in May 2021.
  • Event Financing
  • Address 350 West 39th Street
  • Borough Manhattan
  • Price $ 120,000,000
notes
The company secured a $120 million construction loan for the proposed hotel development.
  • Event Financing
  • Address 241 Bedford Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 74,370
  • Price $ 19,000,000
notes
The company secured a $19 million mezzanine loan.
  • Event Office Leasing
  • Address 30-30 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 60,000
notes
The J. Crew owned clothing company signed a lease.
  • Event Financing
  • Address 485 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 235,000
  • Price $ 330,000,000
notes
The company secured a $330 million contruction loan.
  • Event Office Leasing
  • Address 30-30 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 19,000
notes
The fashion company signed a lease.
  • Event Retail Leasing
  • Address 15 Little West 12th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 32,000
notes
The furniture retailer signed a lease for multilevel space. The reported asking rent on the ground floor was $250 per square foot.

06/01/2018
Square Mile Capital Management originated the debt...

02/09/2018
Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel  The biggest outer-borough loan of December took place right along Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel  The biggest outer-borough loan of December took place right along...