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Transactions - FEBRUARY 27, 2020

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JV receives $973m financing for terminal redevelopment

by Andrea Zander

A venture of Oxford Properties Group and the Canadian Pension Plan Investment Board has secured $973 million of construction financing for the redevelopment of the 1.3 million-square-foot St. John’s Terminal in Manhattan, reported Commercial Observer.

Once completed, the property at 550 Washington St. will be part of Google’s Hudson Square Campus.

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