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Vanbarton Secures $352M Office Refinancing | Real Estate News
Description
Vanbarton Group just landed a $352 million refinancing for its prime Midtown Manhattan office tower at 425 Lexington Avenue — a floating-rate, interest-only loan from Goldman Sachs that’s set to replace older debt and return cash to owners. The building, nearly fully leased and strategically located near Grand Central, underscores a booming market for high-quality office space, with record leasing activity and rising rents signaling renewed investor confidence in top-tier assets.
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