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Vornado refinances Independence Plaza in NYC's Tribeca

Jun. 12, 2018 5:28 PM ETVornado Realty Trust (VNO) StockBy: Liz Kiesche, 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)

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