Vornado Realty Trust's Penn 11 office tower is located at 11 Pennsylvania Plaza in Midtown Manhattan. The property encompasses a significant 1,200,000 square feet of office space and is involved in a refinance transaction. The loan amount secured for this asset is $450,000,000, characterized by a fixed interest rate of 6.35% over five years and an 85.9% loan-to-value ratio.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $450,000,000
• Address: 11 Pennsylvania Plaza
• Market: Midtown Manhattan
• Lender: Citigroup, BMO Capital Markets & Société Générale
• Landlord: Steven Roth - Vornado Realty Trust
• Loan Type: Refinance

The transaction features key individuals and entities, specifically Steven Roth representing Vornado Realty Trust in this deal. The lenders involved in this refinance include Citigroup, BMO Capital Markets, and Société Générale, providing a comprehensive financial structure for the property.