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RXR’s 32 Old Slip Gets $400M+ Refi from Mesa West
NKF recently arranged a $404-million floating-rate loan to refinance RXR Realty’s 32 Old Slip in the Seaport District. RXR has owned the 1.2-million-square-foot office tower since late 2014, when it paid $675 million to acquire it from Beacon Capital.
Dustin Solly and Jordan Roeschlaub, co-heads of structured finance at NKF, led a team that also included Nick Scribani, Chris Kramer and Dylan Kane. The loan was provided by Mesa West Capital.
RXR has invested heavily into renovations and infrastructure upgrades at 32 Old Slip, which is currently over 90% leased. Major tenants include Cahill Gordon & Reindel, DAIWA Securities, U.S. Census Bureau, and Tradition Financial Services.
“32 Old Slip stands out among its peers as the premier office product in the up and coming Seaport District, surrounded by hundreds of high-quality restaurants and retailers all within walking distance to the property,” said Stolly.
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