Rudin Management Company Secures $385 Million Refinance Loan From J.P. Morgan Chase For 3 Times Square

The asset involved in this transaction is an office building located at 3 Times Square in Midtown Manhattan. The property has a total square footage of 950,000 and consists of 30 stories. Recently renovated and WELL-certified, this tower is notable for attracting high-profile tenants.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $385,000,000
• Lender: J.P. Morgan Chase
• Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
• Loan Type: Refinance

This refinancing deal was secured by Rudin Management, involving three loan components for the Midtown Manhattan tower. Tenants of note include Reuters and Kilpatrick Townsend, reflecting the building's desirability and solid market presence.