Brookfield lands $184M refinancing for Manhattan West retail

Grocery store is set to open next year

TRD New York /
Sep.September 03, 2019 12:30 PM
M&T CEO René Jones and Brookfield managing partner Ben Brown with 5 Manhattan West (Credit: M&T, Brookfield, and Wikipedia)

M&T CEO René Jones and Brookfield managing partner Ben Brown with 5 Manhattan West (Credit: M&T, Brookfield, and Wikipedia)

Brookfield Property Partners refinanced the retail at Manhattan West that will be home to Whole Foods and Peloton with a large loan from M&T Bank.

Brookfield landed $184 million in financing for the retail at the Far West Side complex, property records filed with the city Tuesday show.

Representatives for Brookfield and M&T could not be immediately reached for comment.

Whole Foods signed a lease in 2017 for 60,000 square feet at property, and is set to open next year.

Brookfield last year landed a $1.15 billion loan to refinance its redevelopment of the 1.8 million-square-foot building at 450 West 33rd Street. Office tenants in the building include JPMorgan Chase with 425,000 square feet, and Amazon with 360,000 square feet.

Peloton last year signed a lease for more than 26,000 square feet to house a fitness studio at the property.


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