SL Green lands $65.6M for its retail condo at 115 Spring Street

Korean firm Meritz provided the debt

SL Green has secured a $65.6 million mortgage from Meritz Real Estate Asset Management for its retail condo at 115 Spring Street. The Soho retail space spans 5,200 SF, and is currently occupied by Adidas. 

Worth Noting: The REIT paid $52 million for the retail condo in 2014, and had no prior debt on the property.

Flashback: SL Green paid $52 million for the property in 2014. Opera previously occupied the space before SL Green bought out its lease, according to TRD.