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Real Estate Roundup 12.13.19

1466 Broadway (Credit: Gace Consulting Engineers)

Real Estate Roundup

Financing

Invesco has secured an $115 million loan from Fifth Third National Bank to refinance its retail condo at 1466 Broadway in Times Square. The new loan takes over the outstanding balance of a $110 million in debt provided by United Overseas Bank in 2012. It also includes $7.9 million in fresh financing. (CO)  

Leasing

Trader Joe’s will open a new 17,000 square-foot location at Circle F Capital’s LIC development at 22-43 Jackson Avenue. Construction for the mixed-use asset is expected to begin in a few months. (TRD)

Next Jump has signed a 41,300 square-foot lease at Vornado’s 512 West 22nd Street. Next The loyalty-rewards company is paying nearly $160 per square foot for the top three floors of the 11-story building. (Crain’s) 

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