August 8, 2017 Comments Off on $784M Refi for One Liberty Plaza Views: 785 Downtown New York, New York News

$784M Refi for One Liberty Plaza

Brookfield Property Partners reportedly borrowed $784 million from Morgan Stanley to refinance One Liberty Plaza, a 2.2 million-square-foot office tower in Downtown Manhattan.

The new loan replaces a $850 million CMBS loan that Goldman Sachs made 10-years ago and that was set to expire August 8, 2017, according to Trepp. As of the first quarter, 2017, the tower was 84% occupied. However, the empty space at the tower may soon be full. As of this June, Brookfield was close to completing a lease with the New York Economic Development Corp. that would fill 220,000 square feet, according to TreppWire.

Read More at Brookfield

For comments, questions or concerns, please contact Bendix Anderson

Get CRE News in 150 words

Tags: ,

Comments are closed.