SL Green locks in $250M refi for the Olivia

REIT bought the 36-story rental tower on West 33rd St. in 2013

New York /
Jan.January 25, 2017 05:40 PM

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 TRData LogoTINY 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.


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green CEO Marc Holliday (Getty, SL Green)
“The ink on the leases” shows tenants still want office space: SL Green CEO
“The ink on the leases” shows tenants still want office space: SL Green CEO
SL Green CEO Marc Holliday and One Vanderbilt (Getty)
SL Green asking record $322 psf at One Vanderbilt
SL Green asking record $322 psf at One Vanderbilt
SL Green CEO Marc Holliday with 461 Fifth Avenue and 220 East 197th Street in Fordham (SL Green, Google Maps)
SL Green pays $28M for full control of Midtown office building
SL Green pays $28M for full control of Midtown office building
Employees revolt against return-to-office edicts
Employees revolt against return-to-office edicts
Employees revolt against return-to-office edicts
One Vanderbilt and Marc Holliday (SL Green, HeartlessMind/Wikimedia)
SL Green closes on $3B One Vanderbilt refi
SL Green closes on $3B One Vanderbilt refi
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...