Tishman Speyer Completes $2.85 Billion Refinancing of The Spiral, Its Iconic New West Side Office Tower
Summary
The five-year, fixed-rate loan is led by JPMorgan Chase with Bank of America, Goldman Sachs, and Wells Fargo serving as co-lenders.Tishman Speyer has now successfully secured nearly $6.4 billion in refinancings on two marquee New York City office properties in less than three months. Tishman Speyer has subsequently filled the tower with leading companies from a wide array of industries.The Spiral serves as the U.S. headquarters of HSBC, one of the worlds largest banking and financing services organizations. Other prominent companies that have relocated to the tower include TPG Global, Debevoise & Plimpton LLP, AllianceBernstein, Turner Construction and Marshall Wace.Designed by BIG-Bjarke Ingels Group, The Spiral rises 1,031 feet and features a cascading series of landscaped terraces as its signature element. Customers have full access to outdoor space and all tower amenities.Located at 66 Hudson Boulevard, The Spiral will be animated at street level by Papa San, a restaurant showcasing Peruvian-Japanese cuisine, as well as two new dining concepts from two-Michelin-starred chef Gabriel Kreuther. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis.