Sumitomo Mitsui Trust Bank Provides $911M Refinancing For 425 Park Avenue Office

A new skyscraper on Manhattan's Park Avenue, anchored by Ken Griffin's Citadel, has secured a $911 million refinancing deal, led by Sumitomo Mitsui Trust Bank. The property, located at 425 Park Avenue in Manhattan, is owned by David Levinson of L&L Holding Company.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $911,000,000
• Market: Manhattan
• Lender: Sumitomo Mitsui Trust Bank
• Landlord: David Levinson - L&L Holding Company

Two key figures central to the deal are Ken Griffin, the owner of Citadel, and David Levinson, representing L&L Holding Company as the landlord. The financing was provided by Sumitomo Mitsui Trust Bank, further solidifying the partnership between the parties involved in this significant transaction.