Vornado Realty Trust And Korea Post Refinance Office Building At 7 West 34th Street For $250M

7 West 34th Street is a fully Amazon-leased 12-story office building located in Manhattan, comprising 477,000 square feet of office space. The property has recently undergone refinancing with a loan amount of $250,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $250,000,000
• Loan Type: Refinance
• Loan Term: Five years, interest-only
• Interest Rate: 5.79% fixed
• Previous Loan: Replaced a $300,000,000 MetLife note
• Landlord: Steven Roth - Vornado Realty Trust & Korea Post
• Address: 7 West 34th Street, Manhattan

Steven Roth represents Vornado Realty Trust in this deal, alongside Korea Post as a landlord in the transaction. The refinancing deal strategically replaces an existing note with more favorable loan terms for the property.