125 West End Avenue
$300 Refinancing Loan Issued for Manhattan Life Sciences Lab
Apollo Global Management and Jackson National Life Insurance Company have issued a $300 million refinancing loan for 125 West End Avenue; an 8-story building on Manhattan's Upper West Side, currently undergoing a major renovation that will turn it into a state-of-the-art life sciences and research laboratory.
During the tear-down phase of the project, the team essentially gutted the building down to its shell and core. New lab infrastructure, office space, lobby areas, mechanical rooms, elevators, and loading dock upgrades were then installed and the entire structure was wrapped in a sleek exterior cladding.
Several amenities, such as a roof deck terrace, and a conference facility were also added. The team was also able to repurpose a corkscrew vehicle ramp, turning it into multiple collaborative workspaces.
West End Labs will become one of the most advanced life science labs in the city when it completes in the coming months. The building will achieve Leed Gold certification and is set to boast the largest lab floorplates in all of NYC at 54,000 square feet a piece.