Vornado refinances Independence Plaza in NYC's Tribeca

|About: Vornado Realty Trust (VNO)|By:, SA News Editor

Vornado's  (NYSE:VNO) 50.1%-owned joint venture completes a $675M refinancing of Independence Plaza, a 1,327-unit residential complex in Manhattan's Tribeca submarket.

The seven-year interest only loan matures in July 2025 and has a fixed rate of 4.25%; the property was previously encumbered by a $550M loan.

Source: Press Release

Previously: Vornado to sell interests in troubled 666 Fifth office condo to Kushner Cos. (June 1)