NYS Common Retirement Fund Provides $600M Loan For Office Building At 390 Madison Avenue

The asset involved in this transaction is an office located at 390 Madison Avenue in the Grand Central market. The loan amount secured for this property totals $600,000,000, covering an area of 821,165 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $600,000,000
• Address: 390 Madison Avenue
• Market: Grand Central
• Lender: NYS Common Retirement Fund
• Landlord: Clarion Partners & New York State Common Retirement Fund

Key individuals involved in this transaction include David Gilbert and Ralph Belford, representing the negotiation and agreement processes of the loan and property management.