Cannon Hill, Global Holdings, Williams Equities Recap 888 Broadway

Commercial Observer

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Cannon Hill, Global Holdings, Williams Equities Recap 888 Broadway

Cannon Hill Capital Partners has closed a recapitalization of 888 Broadway by adding Global Holdings and Williams Equities as equity partners, Commercial Observer can first report.  The recap amount is “in excess of $200 million,” market sources told CO. The new partnership involves Williams Equities contributing its fee title in 38 East 19th Street, an annex that is connected to the two-building, 220,000-square-foot office property, to both Can…