60 Guilders and Sentry Realty have secured a $210 million loan for their Midtown South office, which recently underwent major renovation.

Bain Capital provided the proceeds, which serve as a refinancing for the tower known as 1375 Broadway. Newmark arranged the loan, with the firm's Nick Scribani, Ricky Braha, Tim Polgase and Niv Shahmoon leading the charge in arranging the deal.

The recently completed repositioning program at 1375 Broadway included adding a 6,000-square-foot rooftop terrace, a redesigned lobby and entrance, as well as updates to lounges and common areas. Major tenants at the 520,000 square foot building include Veeva Systems Inc, Forest Electric Corp. and Tarte Inc.

Also, the property offers direct access to major transportation systems, including Penn Station, Grand Central Terminal, Port Authority Bus Terminal and the Long Island Railroad.

Last year, The Real Deal reportedthat 60 Guilders and Sentry Realty paid $76 million to acquire 1375 Broadway. That's a significant discount compared to the $310 million Westbrook Partners paid for the property in 2015.

According to 60 Guilders, it manages $3.2 billion of both equity and debt in NYC real estate. Sentry Realty, which is also based in New York, says it has more than 1.2 million rentable square feet of office space under management, with assets in general totaling roughly $1.2 billion.

Overall in Manhattan, the office sector is coming off a strong 2025, which saw 42.9 million square feet of leasing activity, according to a market report from Savills. This was the highest annual number since 2014 and up 20.1 percent year-over-year. Also, sublease availability fell to its lowest levels since the third quarter of 2019.

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