A big test of confidence in the future of Manhattan’s office market is coming up in Times Square. SL Green Realty is looking to sell a $126 million mezzanine loan on the 1.1 million-square-foot 5 Times Square tower, sources told The Real Deal. The building’s anchor tenant, accounting firm EY, is relocating to Brookfield Property Partners’ Manhattan West — which will create a large vacancy to fill. A representative for SL Green declined to comment.
source https://therealdeal.com/2020/08/04/sl-green-looks-to-sell-loan-on-rxr-werners-5-times-square/
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