NEW YORK—Meridian Capital Group LLC has negotiated the $55 million refinancing of the Five Columbus Circle office and retail property on behalf of 1790 Broadway Associates LLC. The $55 million senior loan was provided by a national balance sheet lender.
Standing 21 stories tall, Five Columbus Circle totals 225,700 sq. ft. of space and is situated between West 57th and West 58th streets. The property includes 8,700 sq. ft. of street-level retail space, which is nearly 97 percent occupied by such clients as Columbia University, HSBC and Fordham University.
Five Columbus Circle is owned by 1790 Broadway Associates, LLC, an entity controlled by the Ionian Group, run by Sofia Milonas and Claire Milonas, and The Red Apple Group, run by John Catsimatidis, the property is in close proximity to Central Park, the Plaza District, Lincoln Center, Carnegie Hall and more.