AIG Provides $440M Refinance Loan For Mixed-Use Property In Midtown Manhattan

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $440,000,000
• Address: 345 Park Avenue South
• Market: Midtown Manhattan
• Square Footage: 300,000 SF

Located at 345 Park Avenue South in Midtown Manhattan, this mixed-use property comprises approximately 300,000 square feet. The transaction, which took place on 04/25/2022, involved a loan refinance with AIG as the lender and Deerfield as the landlord. The brokers involved in the deal were James Millon, Tom Traynor, and P.J. Finley, who represented the buyers and sellers through CBRE.