Milstein Properties Scores $749M Brookfield Loan
Dubbed The Company Building, 335 Madison is meant to serve as a hub for the city’s top talent with its campus feel.
NEW YORK CITY–Milstein Properties, a private real estate investment and management firm, has secured a $749 million loan from Brookfield for 335 Madison Ave., in Midtown East. Loan proceeds will be used to support the ongoing redevelopment projects in the Class A building, to bolster leasing efforts and to refinance the existing loan. AKS Capital Partners arranged the transaction.
Dubbed The Company Building, 335 Madison is meant to serve as a hub for the city’s top talent. The 1.1 million-square foot property includes a vertical campus adjacent to Grand Central Terminal. Amenities include a wellness center, outdoor space, theaters and various dining choices.
More than 100 seed companies have grown their companies to 250,000 square feet at the property, which offers large enterprise companies a campus experience.