![From left: Taconic co-CEOs Charles Bendit and Paul Pariser, 125 West End Avenue, and Nuveen's Mike Sales (Credit: Taconic, Google Maps, and Nuveen)](https://static.therealdeal.com/wp-content/uploads/2019/08/493-Nuveen-is-joining-Taconic-on-230m-buy-of-ABC-campus-property-200x143.jpg)
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LoanCore lends Taconic, Nuveen $181M on West End Campus buy
Partners paid $230M for slice of ABC’s former UWS campus
![LoanCore Capital's Mark Finerman and 125 West End Ave (Credit: Google Maps)](https://static.therealdeal.com/wp-content/uploads/2019/10/1200-LoanCore-lends-Taconic-Nuveen-181M-on-West-End-Campus-buy.jpg)
LoanCore Capital lent $181 million to Taconic Investment Partners and Nuveen to finance their purchase of “West End Campus” that used to be part of the ABC portfolio.
The Washington, D.C.-based real estate investment trust provided the financing for the buyers’ $230 million purchase of the campus from Silverstein Properties, property records filed with the city Thursday show. The deal closed on Wednesday.
A representative for LoanCore was not immediately available to comment.
A JLL team of Evan Pariser, Geoff Goldstein, Jackie Ferrer and Sophie Cohen arranged the debt.
Silverstein hired a team at Eastdil Secured led by Gary Phillips, Jeff Organisciak and Brett Siegel (the latter of whom has since moved to Newmark Knight Frank) to sell three properties — 125 West End Avenue, 320 West 66th Street and a property known as Lot 61 — which represent a small portion of the campus Silverstein acquired from ABC last year for $1.2 billion.
Taconic and Nuveen, meanwhile, are reportedly in contract to buy the ground lease on the 2 Hudson Square development site, which has about 300,000 square feet of development rights.
The two investors administer a fund together, which last year purchased a Hell’s Kitchen office building at 440 Ninth Avenue from Unizo Holdings for $269 million.
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![From left: Taconic co-CEOs Charles Bendit and Paul Pariser, 125 West End Avenue, and Nuveen's Mike Sales (Credit: Taconic, Google Maps, and Nuveen)](https://static.therealdeal.com/wp-content/uploads/2019/08/493-Nuveen-is-joining-Taconic-on-230m-buy-of-ABC-campus-property-200x143.jpg)
![](https://static.therealdeal.com/wp-content/uploads/2018/04/Larry-Silverstein-77-West-66th-Street.jpg)