UPDATED, Jan. 26, 11:56 p.m.: SL Green Realty refinanced its Midtown rental building the Olivia at 315 West 33rd Street with a $250 million loan from British insurer Rothesay Life. Principal Financial Group helped arrange the loan and will service it.
The new mortgage carries a 10-year term and has a fixed interest rate of 4.236 percent.
SL Green bought the 36-story, roughly 493,000-square-foot tower from Stonehenge Partners for $386 million in 2013. JLL’s Aaron Appel, Jonathan Schwartz, Michael Diaz and Mark Fisher brokered the loan.
The REIT also announced a couple of leases that hadn’t been previously reported. At 1745 Broadway, it signed hedge fund PDT Partners to a two-year lease for 53,490 square feet. PDT had previously sub-leased space in the building from Random House.
The landlord renewed Equinox’s 40,334-square-foot lease at 420 Lexington Avenue, bringing it to a remaining term of 20 years. And at 1350 Sixth Avenue, Highbridge Capital Management inked a short-term renewal on its 31,556-square foot-lease. The investment firm will stay for two-and-a-half years.
Correction: an earlier version of this post incorrectly claimed that Principal is the lender.