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Brookfield Property Partners secures $184M financing for NYC retail asset

Brookfield Property Partners LP secured a $184 million financing from M&T Bank for the retail at its Five Manhattan West property in New York City, The Real Deal reported, citing property records.

The company, which obtained a $1.15 billion loan in 2018 to refinance its redevelopment of the approximately 1.8 million-square-foot building at 450 W. 33rd St., agreed to lease 60,000 square feet at the property to Whole Foods, with opening scheduled for 2020.

In 2018, Peloton agreed to occupy more than 26,000 square feet for a fitness studio at the property.