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JLL arranges $352M refinancing for prime NYC office tower at 425 Lexington Avenue.

Company Fundamentals
09 Jul 2026
PRNewsWire
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Bullish
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JLL's Capital Markets group secured a $352 million refinancing deal for 425 Lexington Avenue, a 31-story Class A office tower in Midtown Manhattan. The refinancing, arranged for Vanbarton Group through Goldman Sachs and funded by BlackRock, highlights strong demand for premium office space in New York City. The building is nearly fully leased, recently upgraded with a new amenity center, and benefits from its prime location near Grand Central Terminal in a top-performing office submarket. This deal underscores the resilience and liquidity of the NYC office market amid ongoing demand for high-quality commercial real estate.

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