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New York & Tri-State  + Midtown New York + New York  + Office  |  July 5, 2023
Emily Fu
By: Emily Fu

Tishman Speyer, Silverstein Secure $330M Refi for Midtown Office Tower 

Tishman Speyer and Silverstein Properties have finalized a $330 million refinancing of their Class-A office tower at 11 West 42nd Street in Bryant Park. The new loan, provided by Bank of America with Taconic Capital as mezzanine lender, will retire the existing debt and support ongoing leasing efforts.  

With over 321,000 square feet leased in the past two years, the 32-story tower is now 99% occupied by tenants, including Michael Kors, Citizen’s Bank and Trust, New York University and Kohn Pederson Fox. 

Tishman Speyer and Silverstein were represented in the transaction by a Newmark team led by Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Chris Kramer. 

Read More News Stories About: Newmark, Tishman Speyer
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Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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