Brookfield lands $184M refinancing for Manhattan West retail

Grocery store is set to open next year

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.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Brookfield Asset Management’s Bruce Flatt (iStock)
Brookfield posts record FFO in Q1 — but not because of real estate
Brookfield posts record FFO in Q1 — but not because of real estate
From left: Furnished Quarters' Steven (left) and Gary Brown with 315 West 33rd Street (left) and 158 West 27th Street (Furnished Quarters, CityRealty, CityFeet)
Landlords sue hospitality stalwart Furnished Quarters
Landlords sue hospitality stalwart Furnished Quarters
60 Guilders' Kevin Chisholm, Brookfield's Brian Kingston and 12 Metrotech. (Brookfield, Chisholm ph: Larry Ford)
Brookfield to sell DoBro office condo for $130M
Brookfield to sell DoBro office condo for $130M
Close to 80 hotels with more than 13,000 rooms plan to open in 2021. (iStock)
Big year seen for hotel openings, despite few visitors
Big year seen for hotel openings, despite few visitors
Protestors in support of street vendors gather in Hudson Yards on May 7, 2021 (Getty)
“More churros, less cops”: Vendors and Related face off
“More churros, less cops”: Vendors and Related face off
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...