NEW YORK CITY-Commercial real estate advisory firm Meridian Capital Group, LLC refinanced one of Midtown’s most visible buildings–1551 Broadway at 46th Street–for $180 million, the company said yesterday. The property, anchored by American Eagle Outfitters in the heart of Times Square, is owned by a joint venture of Jeff Sutton and SL Green Realty Corp.  Sutton, who has teamed with SL Green on several other properties, has amassed a total portfolio of over 100 properties throughout Manhattan and the Tri-State area.

The 10-year, fixed-rate CMBS loan was provided by Citi Global Markets and negotiated by Ronnie Levine, managing director based in Meridian’s New York City headquarters, alongside Aaron Birnbaum, partner and EVP at Meridian. Under the deal, the company retired the property’s floating-rate debt and “locked in favorable terms” as part of a long-term portfolio strategy.

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