The Real Deal New York

Rudin Management closes $550M refi at
345 Park Avenue

Midtown East office tower is home to Blackstone, National Football League
By Will Parker | December 24, 2018 03:45PM

Bill Rudin and 345 Park Avenue

Bill Rudin’s Rudin Management refinanced the debt on 345 Park Avenue in a $550 million deal with Prudential Real Estate and the New York State Teachers Retirement System, records filed with the city Monday show.

The loan package for the office tower includes a new $179 million mortgage, and the deal replaces previous refinancings with Prudential in 2010 and 2014, filings show. Rudin did not respond to a request for comment.

The Rudin family built the 634-foot-tall 345 Park in the late 1960s. It’s now the headquarters for major companies like Blackstone Group, which increased its floor count at the address earlier this month, and the National Football League.