RXR Realty Secures $785 Million Acquisition Loan From Apollo Global Management For 590 Madison Avenue

The asset involved in this transaction is an office property located at 590 Madison Avenue, situated in the Midtown Manhattan market. The property encompasses a total square footage of 1,030,000. The acquisition loan for this property amounts to $785,000,000, facilitated by Apollo Global Management.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $785,000,000
• Address: 590 Madison Avenue
• Market: Midtown Manhattan
• Asset Size: 1,030,000 SF
• Lender: Apollo Global Management
• Borrower: RXR Realty
• Landlord's Rep: Grant Frankel, Rob Turner & Drew Ahlers - Eastdil Secured
• Loan Type: Acquisition

This transaction involved key representatives from Eastdil Secured, including Grant Frankel, Rob Turner, and Drew Ahlers, who managed the landlord's representation throughout the acquisition process. RXR Realty is noted as the borrower in the deal.