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![\"550](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/02\/1088561aa0f34c829a6af942a70c3cbb.jpeg\")
\n 550 Madison Lobby <\/p>\n
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\n 550 Madison Lobby
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NEW YORK<\/a> \u2013 Feb. 24, 2026 \u2013 Cushman & Wakefield, a global real estate services firm, and Greystone, a leading national commercial real estate finance company, announced that they have arranged an $800 million loan for the refinancing of The Olayan Group\u2019s 550 Madison Avenue, one of New York City\u2019s most iconic and architecturally significant office buildings. The financing was provided by Rothesay, the UK\u2019s largest specialist pensions insurer, and ING Capital, together with co-lenders including Cr\u00e9dit Agricole CIB, BBVA, BNP Paribas, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, and Chubb.<\/p>\n Cushman & Wakefield\u2019s John Alascio<\/a>, Gideon Gil<\/a>, Alexander Hernandez<\/a>, Alex Lapidus<\/a>, Zach Kraft<\/a>, Meredith Donovan<\/a>\u00a0and Cecelia Galligan<\/a>, in collaboration with Greystone Capital Advisors\u2019 Drew Fletcher, Bryan Grover and Jesse Kopecky, served as exclusive advisors to the borrower on the transaction.<\/p>\n Located in the heart of Midtown Manhattan, 550 Madison Avenue is a 41-story landmark office tower that underwent a transformative repositioning under The Olayan Group\u2019s ownership. The comprehensive renovation reimagined the former single-tenant headquarters into a premier multi-tenant workplace destination, featuring a dramatic triple-height lobby, a half-acre public garden designed by Sn\u00f8hetta, new interior infrastructure, and a curated suite of market-leading amenities. The property is recognized as New York City\u2019s youngest individual landmark and is widely regarded as one of the city\u2019s preeminent office assets.<\/p>\n \u201cThis refinancing underscores the depth of institutional demand for best-in-class, fully repositioned office assets in New York City,\u201d said Fletcher, President of Greystone Capital Advisors. \u201c550 Madison Avenue stands at the intersection of iconic architecture, thoughtful reinvention and long-term ownership vision\u201d.<\/p>\n \u201cThe building\u2019s leasing performance, amenity offering and landmark status, coupled with the overall strength of the Manhattan office market, resonated with lenders and resulted in a competitive execution for our client,\u201d added Alascio, Vice Chair with Cushman & Wakefield.<\/p>\n The refinancing reflects continued confidence in New York City\u2019s flight-to-quality office market, where demand remains concentrated in highly amenitized, well-located and sustainability-focused properties. Additionally, the Madison\/Fifth Avenue office corridor emerged as one of Midtown\u2019s most sought-after office destinations in 2025, adding to investor confidence.<\/p>\n