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American Real Estate Partners has obtained a four-year loan extension for 1600 Market St., an iconic 39-story, 825,968-square-foot office tower in Philadelphia’s Central Business District. The transaction, which also includes access to an increased future lease funding line, has ensured the full capitalization of the property.

Senior lenders Natixis Corporate & Investment Banking and BlackRock, along with mezzanine lender JPMorgan, extended the loan’s maturity through a complex financing structure. As part of the deal, AREP made a significant equity investment in the property. The firm declined to release the investment’s amount.