Morgan Stanley & Deutsche Bank Provide $75M Loan For Retail Property At 150 West 34th Street In Manhattan

The 78,000-square-foot retail property located at 150 West 34th Street in Manhattan has secured a mortgage financing of $75 million. The loan was provided by Morgan Stanley and Deutsche Bank. The property is situated near Manhattan's Penn Station, making it a prime location for retail businesses.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $75,000,000
• Address: 150 West 34th Street, Manhattan
• Market: Manhattan
• Lender: Morgan Stanley and Deutsche Bank
• Landlord: Steven Roth - Vornado Realty Trust

Morgan Stanley and Deutsche Bank jointly provided the mortgage financing for the retail property. The building's landlord is Steven Roth, who represents Vornado Realty Trust in the deal. This financing will enable the property to capitalize on its convenient location and attract successful retail businesses.