Forest City Closes $85M Financing for Retail Complex

By GlobeSt News Hub

Print Email Share Reprints News Tip? Get Alerts

Disable this ad

Sign Up for the New York AM Alert

Join the thousands of real estate professionals that subscribe to the New York AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.

Become a registered member today and don’t miss another important story in the New York market. Let GlobeSt.com be your source for everything real estate.

NEW YORK CITY-A subsidiary of Forest City Enterprises, Inc. has wrapped up a 10-year, fixed-rate mortgage loan for $85.0 million on a retail property it owns at 42nd Street in New York City. The interest rate for the loan is over 325 basis points lesser than the rate of the previous loan on the 312,000-square-foot entertainment complex. Some of the key tenants at the complex include Madame Tussaud's Wax Museum, AMC Theatres, Dave and Buster's and Modell's.For the full story, go to New York Observer.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: Northeast, Retail, Capital Markets, New York