The Real Deal New York

SL Green repays $125M loan on 600 Lex with Wells Fargo

REIT bought out partner CPP in December
Marc Holliday and 600 Lexington Avenue in Midtown

Marc Holliday and 600 Lexington Avenue in Midtown

SL Green Realty repaid a $125 million loan from the Bank of China on 600 Lexington Avenue with Wells Fargo.

SL Green used corporate financing, which Wells was part of, to repay the $125 million loan Bank of China made against the 303,000-square-foot property in 2010, property records filed with the city Friday show.

In 2010, SL Green and Canada Pension Plan paid Hines $193 million for the 36-story building at the corner of East 52nd Street.

This past December, SL Green bought out CPP’s 45 percent stake in a deal that valued the property at $284 million.

The building is anchored by the hedge fund MKP Capital Management, which has just shy of 26,000 square feet spread across two mid-rise floors, according to CoStar.

Correction: SL Green Realty did not refinance 600 Lexington Avenue. It used corporate financing to pay off a previous loan along with Wells Fargo.