SL Green Realty, National Pension Service Of Korea & Hines Acquires Office Building In Grand Central For $3B Loan

The property involved in this transaction is the Office building located at One Vanderbilt in the Grand Central market. The building is leased by SL Green Realty, National Pension Service Of Korea, and Hines. According to SL Green, as of June 7, the building was reported to be 89% leased. The loan provided for this transaction is a 10-year, fixed-rate, Commercial mortgage-backed securities (CMBS) financing, with a loan amount of $3,000,000,000. The lenders involved in this deal include Wells Fargo (51%), Goldman Sachs (20%), Bank of America, Bank of China, Bank of Montreal, Deutsche Bank (5%), JPMorgan, Barclays, and Citi (3%).

Summary of transaction details

• Property Type: Office
• Transaction Amount: $3,000,000,000
• Address: One Vanderbilt
• Market: Grand Central
• Landlord: SL Green Realty, National Pension Service Of Korea, Hines

The individuals and companies involved in this deal include Andrew Mathias, Marc Holliday, Charles Scharf, Jeffrey C. Hines, David Solomon, and Stephen Green. The lenders in this deal are Wells Fargo, Goldman Sachs, Bank of America, Bank of China, Bank of Montreal, Deutsche Bank, JPMorgan, Barclays, and Citi.