Financing
RXR lands Refi for 32 Old Slip
Mesa West Capital provided $404 million in debt for the massive office building.
Published on
RXR Realty has secured $404 million from Mesa West Capital to refinance 32 Old Slip, according to CO. The office building spans 1.15 million SF, and is located across from Pier 11.
Financing details: The five-year, floating-rate loan replaces previous debt from GE Capital. RXR recently completed a lobby renovation at the property, which is now over 90 percent leased. Tenants include
Daiwa Securities,. the U.S. Census Bureau, and Cahill Gordon & Reindel.
Flashback: RXR paid Beacon Capital Partners $675 million for the property in 2015.
