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SL Green refinanced the 1.8 million-square-foot tower with a five-year fixed-rate SASB CMBS at 6.52%, hedged to 6.37% for its share, replacing $1.768 billion of debt. The property is 100% leased.
SL Green Realty and a U.S. affiliate of Mori Trust announced a $2.0 billion refinancing of 245 Park Avenue. The refinancing is part of SL Green’s $7.0 billion financing plan, which the company said is nearing completion.
SL Green refinances 245 Park Avenue for $2.0 billion.