125 West 57th Street Acquired by Cain | Real Estate Services M&A Deal

Cain has completed the acquisition of 125 West 57th Street, a real estate services other business in New York, for $321M. Cain acquisitions focus on Manhattan real estate services deals NY, including trophy office assets on Billionaires’ Row at 125 West 57th Street. The 30-story, 260,000-square-foot office tower supports Class A leasing demand in New York City, with tenants including Eldridge Industries, Jadian Capital, Kingdon Capital Management, and AdaptHealth. Cain, a private equity buyer, secured a $321 million refinancing with JPMorgan Chase senior debt and Hudson Bay Capital mezzanine financing, replacing a prior $250 million construction loan from a Cain affiliate. Walker & Dunlop arranged the real estate services M&A financing for the closed deal, with the property valued above $600M upon reaching leasing milestones.