Jacques Chappuis Of PGIM Real Estate Refinances 11 Times Square Office Tower For $507M

The asset involved in this transaction is an office property located at 11 Times Square in Manhattan, with a square footage of 1,100,000. The property was involved in a refinance deal, with a loan amount of $507,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $507,000,000
• Address: 11 Times Sq
• Market: Manhattan
• Lender: J.P. Morgan Chase, Wells Fargo, Deutsche Bank
• Landlord: Jacques Chappuis - PGIM Real Estate
• Loan Type: Refinance

The refinancing of the mortgage was facilitated through a CMBS deal led by J.P. Morgan, Wells Fargo, and Deutsche Bank, with Jacques Chappuis representing PGIM Real Estate, the landlord of the property.