Vornado, Oxford Properties, Crown Acquisitions & Highgate Secure $800M Loan For 650 Madison Avenue Office

650 Madison Avenue, located in Lenox Hill, was recently involved in a closed transaction. The property is an office building with a total area of 523,000 square feet. Its zoning classification includes C5-3, C5-2.5, and MiD.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $800,000,000
• Landlord: Vornado Realty Trust, Oxford Properties Group, Crown Acquisitions, and Highgate
• Lender: Citi, Barclays UK, Goldman Sachs, and BMO Harris Bank
• Market: Lenox Hill

The landlords involved in the deal include Vornado Realty Trust, Oxford Properties Group, Crown Acquisitions, and Highgate. The lenders who facilitated the transaction are Citi, Barclays UK, Goldman Sachs, and BMO Harris Bank.