Tishman Speyer And Silverstein Properties Refinance Midtown Office Tower For $330M

Tishman Speyer and Silverstein Properties have secured a $330 million refinancing deal for their Midtown office tower located at 11 West 42nd Street in Manhattan. The property, spanning 960,000 square feet, is an office asset near Bryant Park.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $330,000,000
• Address: 11 West 42nd Street
• Market: Manhattan

The main lender for the refinancing deal is Bank of America, while Taconic Capital is providing the mezzanine debt. The brokers involved in the transaction are Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Issa Abbassi, and Holden Witkoff from Newmark.

It is important to note that Tishman Speyer and Silverstein Properties have successfully secured the refinancing deal through this transaction.