NEW YORK CITY—Kamber Management Co., which recently acquired the Tower 45 office building on West 45th Street from SL Green Realty Corp., has secured a $150-million loan to help finance the acquisition.
Last week, Globest.com reported that Kamber closed on the $365-million purchase of the 40-story office building at 120 West 45th St. The office building totals approximately 440,000 square feet. Esterich & Co. of New York City brokered the 10-year loan, according to a report in the Commercial Observer.
The property located between Sixth Avenue and Broadway was acquired by SL Green in 2007 as part of the merger with Reckson Associates.
SL Green later executed a significant capital improvement program that repositioned the property. Tower 45 is currently more than 96% leased. Tenants include D. E. Shaw & Co., Bobby Van's Steakhouse, former US Senator Hillary Clinton's presidential campaign office and the Keller Graduate School.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
