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$195M Financing for Midtown Manhattan Office Building

M&T Bank and Natixis co-arranged a $195 million senior loan secured by a 347,694-square-foot, Class A office building at 55 West 46th Street in the heart of Midtown Manhattan, known as Tower 46. The property is owned by SL Green Realty Corp. and PGIM, Inc.

Proceeds of the loan will provide capital to complete the lease up of the building. Tower 46 was developed in 2013, and acquired by SL Green and PGIM in 2014. It is one of the newest Class A office buildings in Midtown Manhattan.

The property consists of a commercial condo unit comprised of the top 13 floors (22-34) of the building, with a dedicated entrance on 46th Street, along with the entire second floor, the lower level fitness center, parking garage and the ground floor retail suite along West 46th Street.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: PGIM, SL Green Realty Corp
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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing