The asset involved in this transaction is a six-property assemblage located at 50 West 40th Street, 54 West 40th Street, and 49 West 39th Street in Manhattan's Garment District. The total square footage of the properties is 156,616. The refinancing deal was facilitated through a loan amount of $80,000,000 from Deutsche Bank, which replaces an existing loan of $72 million from Blackstone.

Summary of transaction details:

• Property Type: Special Purpose, Office & Mixed-use
• Transaction Amount: $80,000,000
• Lender: Deutsche Bank
• Landlord: Eric Hadar - Allied Partners
• Date: 10/15/2025
• Market: Garment District, Manhattan

Key individuals in this transaction include Stephen Schwarzman, Eric Hadar, and Christian Sewing, with Eric Hadar representing the landlord, Allied Partners, in this refinancing agreement.