Landesbank provided 1.15B in debt
Brookfield and Qatar Investment Authority have secured $1.15 billion from Landesbank Baden-Wurttemberg to refinance 5 Manhattan West, according to CO. The office building spans 2.2 million SF and is located between 31st and 33rd streets (10th Avenue).
Loan Details: The new debt replaces and consolidates a $570 million loan from Wells Fargo with a new $580 million loan. It’s backed by the landlord’s properties at 450 West 33rd Street, 368 10th Avenue, and a lot on West 31st Street.
Tenants Include: J.P. Morgan Chase (425,000 SF) and Amazon (360,000 SF). (CO)