RPW Group secures $210M refi for 275 Madison Avenue

The financing will retire a $240M acquisition loan provided by Blackstone and SL Green for the landmarked building

TRD New York /
Jul.July 11, 2018 05:45 PM

Robert Weisz of RPW Group and 275 Madison Avenue (Credit: PRlog and Google Images)

RPW Group has locked in a $210 million loan to refinance 275 Madison Avenue, a 43-story landmarked office building.

The debt, provided by Ullico on Tuesday, will retire the existing $240 million loan Blackstone Group and SL Green Realty Corp. provided RPW at the time of acquisition, according to Commercial Observer. The Robert Weisz-led firm paid RFR Holding $270 million for the building in August 2016.

Bordered by 39th and 40th streets, the 336,000-square-foot building received landmark approval in 2009. Current tenants include Cushman & Wakefield, Rosen Law firm and Riemer & Associates.

It was recently revealed that Paul Massey was launching his own brokerage out of the building, and already had 20 staffers working there. [CO] —David Jeans

Related Articles

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

Governor Andrew Cuomo and Mayor Bill de Blasio (Credit: Getty Images)

City, state trade blame for NYC’s “broken” property tax system

Daily Digest Thursday

City Council sets sights on housing and land use, details emerge of WeWork’s ties to the Kabbalah Centre: Daily digest

From left: 254 Water Street, 45-01 Northern Boulevard and 34-08 46th Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

(Illustration by Andrew Colin Beck)

How much are NYC hotels hurting?

Home foreclosures dropped nearly 20% in Q3, report shows