Trending
Graybar Building gets $145M refinancing
Despite a tight lending environment, New York-based pension fund TIAA-CREF financed a $145 million leasehold mortgage on SL Green Realty’s Graybar Building, at 420 Lexington Avenue in Midtown, according to a statement released today by Cushman & Wakefield Sonnenblick Goldman, which arranged the deal.
The 31-story, 1.5 million-square-foot tower sits above Grand Central Terminal, and was acquired by the real estate investment trust SL Green in 1998. It is 97 percent leased, the statement says. TRD
Recommended For You