search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
New York

Brookfield lands $1.15B refi for 5 Manhattan West

German bank LBBW is the lender

Manhattan West
Manhattan West

 

Brookfield Property Partners refinanced its office building 5 Manhattan West with a $1.15 billion loan from Landesbank Baden-Wurttemberg.

Sign Up for the undefined Newsletter

The new mortgage from the German state bank replaces a $570 million loan from Wells Fargo, according to property records cited by the Commercial Observer.

Brookfield recently completed a $350 million redevelopment of the 2.2 million-square-foot building, which sits at 10th Avenue between 31st and 33rd streets on the western edge of the Manhattan West megadevelopment.

The biggest tenants are JPMorgan Chase, which occupies 425,000 square feet, and Amazon, which recently inked a 360,000-square-foot lease. [CO] — Konrad Putzier

Tags
Brookfield Property PartnersManhattan West