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RXR lands Refi for 32 Old Slip

Mesa West Capital provided $404 million in debt for the massive office building.

32 Old Sip (AKA One Financial Square) (Credit: Big Apple Annex)

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.

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