Terrace rendering for 335 Madison Ave.
NEW YORK CITY–Milstein Properties, a private real estate investment and management firm, has secured a $749 million loan from Brookfield for 335 Madison Ave., in Midtown East. Loan proceeds will be used to support the ongoing redevelopment projects in the Class A building, to bolster leasing efforts and to refinance the existing loan. AKS Capital Partners arranged the transaction.
Dubbed The Company Building, 335 Madison is meant to serve as a hub for the city's top talent. The 1.1 million-square foot property includes a vertical campus adjacent to Grand Central Terminal. Amenities include a wellness center, outdoor space, theaters and various dining choices.
More than 100 seed companies have grown their companies to 250,000 square feet at the property, which offers large enterprise companies a campus experience.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
