7<\/p>\n
NEW YORK CITY \u2014\u00a0The Moinian Group has received a $310 million loan for the refinancing of 535-545 Fifth Avenue, a two-building office and retail property located near Grand Central Terminal in Midtown Manhattan.<\/p>\n
Deutsche Bank and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale co-funded the loan, while Drew Anderman, Eddie Haber, AJ Bruno and Jared Fried of CBRE represented The Moinian Group in the debt placement process according to CoStar Group.<\/p>\n
\u201cThis refinancing underscores the value of prime Fifth Avenue assets and our disciplined approach to asset management,\u201d says Joseph Moinian, founder & CEO of The Moinian Group. \u201cWe are pleased to secure attractive financing that positions the property for continued long-term success.\u201d<\/p>\n
Situated between East 44th and East 45th streets, both buildings underwent renovations in 2009, with Gensler serving as the architect.<\/p>\n
Known for its pre-war architecture, the 36-story structure at 535 Fifth Avenue was originally completed in 1927. Spanning 329,733 square feet, the complex is occupied by several corporations, financial institutions, law firms and service organizations.\u00a0<\/p>\n
Located adjacent to the first office building, 545 Fifth Avenue rises 13 stories tall and totals roughly 165,000 square feet of space. The building offers additional ground-floor retail space that houses tenants such as Best Buy and the National Basketball Association (NBA) store.<\/p>\n
Together, the office buildings comprise approximately 510,000 square feet.<\/p>\n
Founded in 1982 by Joseph Moinian, The Moinian Group develops, owns and operates properties across the office, hotel, retail, condominium and multifamily sectors, with a portfolio of more than 20 million square feet.<\/p>\n
\u2014\u00a0Abby Cox<\/p>\n","protected":false},"excerpt":{"rendered":"7 NEW YORK CITY \u2014\u00a0The Moinian Group has received a $310 million loan for the refinancing of 535-545…\n","protected":false},"author":2,"featured_media":102393,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-102392","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/102392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=102392"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/102392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/102393"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=102392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=102392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=102392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}