Minskoff refis $110M loan at 1166 Sixth Avenue

Financing from Barclays replaces Lehman Brothers loan

TRD New York /
Jan.January 25, 2017 02:25 PM

1166 Sixth Avenue and Edward Minskoff

Edward Minskoff snagged a $110 million loan from Barclays Bank to refinance a portion of the 44-office story tower at 1166 Sixth Avenue.

The financing replaces a $110 million loan that Minskoff Equities secured in 2006 from Lehman Brothers, property records show. The financing is for five office condos on the second through sixth floors of the building.

In addition to Minskoff TRData LogoTINY, RXR Realty and financial advisory firm Marsh & McLennan own major stakes in the 1.6 million-square-foot building.

The office tower, located north of Bryant Park between West 45th and 46th streets, is in the midst of a multimillion-dollar renovation. The redesigned lobby will feature artworks including Roy Lichtenstein’s “Modern Tapestry” and “Amerind Landscape.” Minskoff is an avid art collector.

In November, fintech firm Arcesium inked a deal to lease 39,000 square feet at the 1166 Sixth, where asking rents run from the high $70s to mid-$80s per square foot. Global investment firm D.E. Shaw Group renewed its lease for 195,000 square feet in April.


Related Articles

arrow_forward_ios
William Blair leaving 666 Fifth for Edward Minskoff tower on Sixth Ave

William Blair leaving 666 Fifth for Edward Minskoff tower on Sixth Ave

The Collectors: The industry moguls who have amassed the biggest art portfolios

The Collectors: The industry moguls who have amassed the biggest art portfolios

Janney Montgomery Scott inks 35K sf deal at Minskoff’s 1166 Sixth

Janney Montgomery Scott inks 35K sf deal at Minskoff’s 1166 Sixth

Huron Consulting takes 33K sf at Minskoff’s 1166 Sixth

Huron Consulting takes 33K sf at Minskoff’s 1166 Sixth

Placeholder image

Landmarks approves Minskoff’s Jane Street megamansion

Landmarks again withholds OK of Minskoff’s Jane St. plans

Landmarks again withholds OK of Minskoff’s Jane St. plans

Edward Minskoff on why big bet on LA’s Playa Vista will pay off

Edward Minskoff on why big bet on LA’s Playa Vista will pay off

Edward Minskoff is buying the Bluffs at Playa Vista in LA for $425M

Edward Minskoff is buying the Bluffs at Playa Vista in LA for $425M

arrow_forward_ios