Brief
Vornado JV Refinance Meatpacking Offices for $161M
Vornado Realty Trust announced that its 45.1% owned joint venture completed a $161-million refinancing of 61 Ninth Ave., a 194,000-square-foot office and retail property in the Meatpacking District, w
Vornado Realty Trust announced that its 45.1% owned joint venture completed a $161-million refinancing of 61 Ninth Ave., a 194,000-square-foot office and retail property in the Meatpacking District, which is fully leased to Aetna and Starbucks. The interest-only loan, which matures in March 2029 as fully extended, carries a rate of SOFR plus 3.00% for...
Source
- Connect CREconnectcre.com
