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

390 Madison Avenue, located in the Grand Central market, has been involved in a recent loan transaction. The property, an office asset, has been subject to a loan provided by NYS Common Retirement Fund. The loan amount for this transaction was $600,000,000 and the total square footage of the building is 821,165 SF.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $600,000,000
• Address: 390 Madison Avenue
• Market: Grand Central
• Lender: NYS Common Retirement Fund

Clarion Partners and New York State Common Retirement Fund act as the landlords of 390 Madison Avenue. The loan transaction highlights the involvement of key individuals and companies, including David Gilbert and Ralph Belford, who are pictured in the accompanying image. It is worth noting that David Gilbert and Ralph Belford represent the interests of the parties involved in the deal as broker representatives.