RXR Realty refinanced the Starrett-Lehigh Building with a $900 million loan from Morgan Stanley and New York Community Bank. The financing, which comes with a five-year term, closed on Thursday, Commercial Observer reported. RXR will use the new debt to help reposition the 2.3 million-square-foot West Chelsea building, and pay down $525 million previous debt, also from Morgan Stanley and NYCB. Scott Rechler’s RXR is redeveloping and leasing retail space on the building’s first floor […]
source https://therealdeal.com/2018/09/17/rxr-lands-huge-refi-for-starrett-lehigh-building/
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