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Goldman to take lead on $1.2B refi of One Worldwide Plaza

Midtown trophy tower, now in contract, is valued at $1.7B

CEO of Goldman Sachs Lloyd Blankfein and 1 Worldwide Plaza
CEO of Goldman Sachs Lloyd Blankfein and 1 Worldwide Plaza

Goldman Sachs will take the lead on a $1.2 billion refinancing of One Worldwide Plaza.

Goldman, along with a consortium of lenders that includes Deutsche Bank, plans to securitize the loan into a single-asset CMBS deal later this year, the Commercial Observer reported.

The 2.1 million-square-foot tower is valued at $1.7 billion after RXR Realty and SL Green Realty signed a contract to buy a 48.7 percent stake in the tower from New York REIT earlier this month. That deal is expected to close on or before Nov. 1.

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New York REIT CEO Wendy Silverstein said on an investor call earlier this month that the 10-year, interest-only loan will have a “sub 4 percent” rate, but did not identify the lender.

The building’s 1.8 million square feet of office space is 100 percent leased to tenants such as Nomura Holdings; Cravath, Swaine and Moore; WebMD; Rubenstein Public Relations; and CBS Broadcasting.

Deutsche Bank in 2013 provided a $710 million mortgage on the property. [CO]Rich Bockmann

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