Brief
JLL Arranges $352M Loan for Refinancing of Midtown Manhattan Office Building
NEW YORK CITY — JLL has arranged a $352 million loan for the refinancing of 425 Lexington Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 31-story building occupies a full city
Summary
NEW YORK CITY — JLL has arranged a $352 million loan for the refinancing of 425 Lexington Avenue, a 750,000-square-foot office building in Midtown Manhattan.
The 31-story building occupies a full city block between 43rd and 44th streets and was 99 percent leased at the time of the loan closing.
Law firm Simpson Thacher & Bartlett is the long-time anchor tenant at the building, which also recently received $35 million in capital improvements, including a new amenity center. Christopher Peck, Drew
Source
- REBusinessOnlinerebusinessonline.com
