Heleba provided the debt
Stawski Partners has secured $200 million from Helaba to refinance 505 Fifth Avenue, according to public records cited by TRD. The Midtown office building spans 275,000 square feet and is located at the corner of 42nd Street.
Building Info: Office tenants include Norges Bank, Corigin Holdings, and Hightower Sports and Entertainment. The retail space is occupied by women’s clothing store COS.
Financing Breakdown: The new mortgage consolidates a previous $150 million loan from the same bank, and adds $50 million in new debt.