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Normandy Nabs $72M for Midtown South Restoration

NEW YORK CITY—Provided by Natixis, the funding will support a refurbishment of 125 W. 25th St., a 138,000-square-foot office tower.

By Rayna Katz | Updated on February 12, 2015

NEW YORK CITY—Normandy Real Estate Partners has secured $72 million in financing for 125 W. 25th St., an office property in Midtown South. Jones Lang LaSalle secured the loan on behalf of Normandy and Natixis provided the loan.

“With this financing in place, our efforts are now focused on completing construction and finishing the redevelopment of the asset which will feature an open, loft-style setting and upgrades to the lobby, new enlarged windows, new elevators, and a new roof terrace and penthouse,” says Paul Teti, principal at Normandy Real Estate Partners. “We’re excited to begin showing prospective tenants this ideally situated property that’s in the heart of Manhattan’s technology and media center.”

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