Related Companies signs $1.1B refi loan with Deutsche Bank, Wells Fargo for office properties in Lincoln Square
Related Companies through the entity Columbus Office, LLC as borrower signed a refi loan with lender Deutsche Bank and Wells Fargo valued at $1.1 billion for two office condominium units at 10 and 60 Columbus Circle in Lincoln Square, Manhattan.
The deal closed on October 21, 2025 and was recorded on November 3, 2025. The prior lender was Wells Fargo which held debt that had an original loan amount of $1.1 billion. The two properties have 708,649 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $1,552 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Related Companies was Zachary Maniloff . The signatory for Deutsche Bank and Wells Fargo was Stephen Choe, David Goodman , and Jeffrey L. Cirillo .
The property
The office condo in Lincoln Square has 708,649 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 637,863 square feet. The city-designated market value for the property in 2022 is $659.7 million.
Violations and lawsuits
There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.
The neighborhood
In Lincoln Square, The majority, or 61 percent of the 19.1 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 24 percent of the space. In sales, Lincoln Square has near average sales volume among other neighborhoods with $328.5 million in sales volume in the last two years and is the 27th highest in Manhattan. For development, Lincoln Square has 3.5 times the average amount of major developments relative to other neighborhoods and is the 7th highest in Manhattan. It had 5.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 27 percent of the neighborhood’s built space.
The block
There are no active new building construction projects on this tax block.
The borrower
The PincusCo database currently indicates that Related Companies owned at least 121 commercial properties with 7,784 residential units in New York City with 19,855,158 square feet and a city-determined market value of $6.1 billion. (Market value is typically about 50% of actual value.) The portfolio has $5.5 billion in debt, with top three lenders as Wells Fargo, Bank of America, and MetLife respectively. Within the portfolio, the bulk, or 36 percent of the 19,855,158 square feet of built space are elevator properties, with office properties next occupying 35 percent of the space. The bulk, or 71 percent of the built space, is in Manhattan, with Bronx next at 13 percent of the space.
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