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Milstein Scores $749 Million Loan for Tower Tech Campus in New York

Brookfield Provides Funds to Cover Costs, Refinance Debt at 29 Story Redevelopment Near Grand Central Terminal
Landlord Milstein Properties is at work on a bright, double-height lobby at 335 Madison Ave. in New York City. The building's interior redesign is being handled by SHoP Architects. (Courtesy of Milstein Properties)
Landlord Milstein Properties is at work on a bright, double-height lobby at 335 Madison Ave. in New York City. The building's interior redesign is being handled by SHoP Architects. (Courtesy of Milstein Properties)
By Diana Bell
October 29, 2019 | 6:22 P.M.

In one of the largest refinancings for New York City commercial property this year, a subsidiary of global asset manager Brookfield has provided $749 million to family-owned development firm Milstein Properties for its 29-story glass office tower at 335 Madison Ave. in Manhattan’s Grand Central neighborhood.

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