Brookfield Corporation announced the completion of a $1.25B refinancing of Five Manhattan West, a 1.7M-square-foot trophy office tower within its Manhattan West development. The five-year, 6.0% fixed-rate loan was provided by a syndicate of leading financial institutions, including Citigroup, Deutsche Bank, Societe Generale, Bank of Montreal, and JP Morgan Chase. Year-to-date, Brookfield has executed more than $28B of financing across its global real estate portfolio. Five Manhattan West underwent a comprehensive $350M redevelopment completed in 2017, which modernized the property with a new glass curtainwall facade, lobby, mechanical systems, and amenities. The building is fully leased to a diverse roster of global companies across financial services, technology, media, and retail, including JP Morgan Chase, Amazon, Peloton, and Whole Foods.
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