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Alexander's Completes $400 Million Refinancing of 731 Lexington Avenue Office Condominium
ALXAlexander’s(ALX) GlobeNewswire News Room·2024-09-30 20:27

PARAMUS, N.J., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that it has completed a 400 millionrefinancingoftheofficecondominiumportionof731LexingtonAvenue,theClassABloombergLPheadquartersbuilding.Theinterest−onlyloancarriesafixedrateof5.045400 million refinancing of the office condominium portion of 731 Lexington Avenue, the Class A Bloomberg LP headquarters building. The interest-only loan carries a fixed rate of 5.045% and matures in October 2028. The loan is prepayable, at Alexander’s option, with no penalty, beginning in October 2026. The loan replaces the prior 490 million loan on the office condominium, that bore int ...