Rudin scores $415M loan for ‘New Times Square’ tower

The Rudin household’s Three Occasions Sq. obtained a vote of confidence from main banks with a $415 million refinancing of the 30-story constructing, which was one of many pioneering quartet of towers within the “New Occasions Sq..”

JP Morgan led a lending consortium that included Financial institution of America and M&T Financial institution. The tower is a three way partnership of the Rudins and Thomson Reuters.

As Realty Test first reported final January, Touro School and College System signed a lease for greater than 243,000 sq. toes at Three Occasions Sq..

The Rudins plan to make use of mortgage proceeds to proceed capital enhancements on the location together with a brand new foyer, a tenants’ amenity ground, out of doors area and modernized methods.

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