Two Big Office Financings Close on Broadway

NEW YORK CITY—RXR and Invesco pick up assets Downtown and in Midtown, respectively.

By Rayna Katz | Updated on June 05, 2014

NEW YORK CITY—A pair of financings has taken place along Broadway.

RXR Realty secured $200 million in acquisition financing for 61 Broadway, a 786,975-square-foot office building Downtown, while Invesco Real Estate locked up funds to buy 1370 Broadway. CBRE, the broker on the latter deal, declined to reveal the amount of the loan taken out for the building, but Real Capital Analytics states the price of the office tower was $186 million.

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