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Vornado's Retail JV Completes $450 Million Financing of 1535 Broadway
VNOVornado(VNO) Newsfilter·2025-04-14 22:16

NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a 450millionfinancingof1535 Broadway,apremierTimesSquareretaildestinationwithfullblockfront4KLEDsignage.Theinterestonly,non–recourseloancarriesafixedrateof6.90450 million financing of 1535 Broadway, a premier Times Square retail destination with full blockfront 4K LED signage. The interest only, non–recourse loan carries a fixed rate of 6.90% and matures in May 2030. After transaction costs and reserves, 407 million of the net proceeds from the financing were used to partially redeem Vornado's Retail JV pref ...