Street, is slated to have 1,500 rental apartments as well as office and retail across a three-block-site site.
The sellers, Westbrook Partners and Atlas Capital Group, continue to own the north site and plan to develop 400,000 square feet of residential space.
Deutsche Bank provided $400 million in new financing to Oxford and CPP, sources told The Real Deal.
Oxford, which has yet to develop any projects solo, signed a contract by itself to buy office and retail development rights for $700 million in September, the New York Post reported at the time.
Cushman Wakefield’s Adam Spies and Doug Harmon brokered the sale and brought in the joint-venture partner, and a team led by Steve Kohn brokered the loan. CBRE’s Paul Amrich was hired to handle office leasing at the south site, sources said.
The buyers could not be immediately reached for comment, and the brokers declined to speak.
Other bidders vying for the site included Brookfield Property Partners, Vornado Realty Trust and RXR Realty.
The overall St. John s Terminal site has traded hands among several major investors this market cycle, but the redevelopment is still far 上海夜网