Related add $45M in debt for total of $75M at Time Warner office condo

Related Companies through the entity TWC Office Associates LLC as borrower signed a loan agreement with lender First Republic Bank valued at $75 million for 1 parcel, including the tax class commercial condominium unit (R5) at 60 Columbus Circle in Lincoln Square. The deal closed on June 25, 2020 and was recorded on July 29, 2020.
The property contains a total of 48,259 square feet of built space.
The average loan per buildable square foot is $1,554.
Related increased its debt on the office condo by $45 million, from $30 million First Republic Bank provided in 2014, to $75 million.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link