Moinian just landed a loan on its Park Avenue South building

The company landed a $55.3M loan

Aug.August 17, 2018 05:15 PM

450-460 Park Avenue South

Moinian Group has secured a $55.3 million loan for 450-460 Park Avenue South.

North American Company for Life and Health Insurance provided the loan on Murray Hill property, according to city records. The deal included $8.4 million in new debt.

Representatives for Moinian and North American did not immediately respond to requests for comment.

WeWork signed a lease in July to take roughly 50,000 square feet across six floors of the 12-story building. Other tenants include co-working space provider Work Better and tech company ShopKeep.

Joseph Moinian bought the property in 1982 and has described it as his first “serious office building.”

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