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Microsoft's Manhattan landlord scores $170M loan

1 month ago   |   By The Real Deal New York

Microsoft's new landlord in Manhattan's Flatiron District has landed a $170 million mortgage. Bromley Companies will use the loan proceeds to replace the existing financing for 122 Fifth Avenue, and fund the historic building's ongoing makeover and tenant improvements, according to Walker & Dunlop. The firm's team was led by Aaron Appel and Jonathan Schwartz in arranging the loan from real estate finance and investment management firm PCCP. Built in 1900, the 10-story building between
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