Affiliates of Harbor Group International LLC (HGI), a privately owned international real estate investment and management firm, announced that it has received a full early payoff of its structured equity investment in 360 Lexington, a Class A office building in Midtown Manhattan owned by AmTrust RE.
HGI initially made the investment in November 2024, with the building’s strong performance, including consistent demand and increased leasing activity, supporting early repayment.
“Our office lending approach is built on partnership and adaptability,” said Mike Nathan, chief investment officer, office at HGI. “We work closely with our partners to understand their goals and structure solutions that help them succeed. This transaction is a great example of how collaboration can lead to successful outcomes for everyone involved.”
360 Lexington is located on the northwest corner of 40th Street and Lexington Avenue. The building spans 269,148 square feet, including 256,184 square feet of office space over 24 stories, 8,742 square feet of ground-floor retail and 4,258 square feet of storage. The property features a renovated lobby, entrance and elevator cabs, with views across New York City. Its diverse tenant roster includes leading firms in the banking and finance, hospitality, professional services and legal services sectors.
“360 Lexington highlights the opportunities that exist within the office sector for owners and lenders willing to invest in quality and modernization,” said Jonathan Bennett, president of AmTrust. “Midtown Manhattan is one of the most dynamic office markets and we’re thankful for HGI’s support as we focus on creating spaces that attract tenants and drive long-term value.”
