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Haymes secures loan extension on New York’s 5 Penn Plaza after leasing surge

Modification granted despite largest tenant’s planned departure
5 Penn Plaza stands steps from Penn Station and Madison Square Garden in midtown Manhattan. (CoStar)
5 Penn Plaza stands steps from Penn Station and Madison Square Garden in midtown Manhattan. (CoStar)
CoStar News
December 31, 2025 | 4:53 P.M.

Haymes Investment Co. won a two-year extension on a $260 million loan for 5 Penn Plaza in New York after signing about 100,000 square feet of new leases there in 2025.

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