Swig, Himmel + Meringoff Close Midtown Financing

The Foot Locker lease at 8 Times Square was named the Most Significant Retail Deal of the Year by REBNY in 2015.

NEW YORK CITY—The Swig Co. and Himmel + Meringoff, joint owners of 8 Times Square, have closed a $200 million refinancing for the property.

The 10-year, fixed-rate loan on  the 16-story mixed-use office and retail building—previously known as 1460 Broadway—was provided by Citigroup. Eastdil Secured of New York arranged the $200 million loan for ownership.

“The successful refinance of 8 Times Square caps an eventful and fulfilling 18 months in which Himmel + Meringoff and The Swig Company have worked together to execute a plan to renovate, re-tenant, rebrand and reposition the building for the next 20 years in this market,” says Ken Perry, CEO of The Swig Co.  “I want to thank our partners and the entire team for their dedication, professionalism and continued engagement on this project.”