RPW Group has locked in a $210 million loan to refinance 275 Madison Avenue, a 43-story landmarked office building.
The debt, provided by Ullico on Tuesday, will retire the existing $240 million loan Blackstone Group and SL Green Realty Corp. provided RPW at the time of acquisition, according to Commercial Observer. The Robert Weisz-led firm paid RFR Holding $270 million for the building in August 2016.
Bordered by 39th and 40th streets, the 336,000-square-foot building received landmark approval in 2009. Current tenants include Cushman & Wakefield, Rosen Law firm and Riemer & Associates.
It was recently revealed that Paul Massey was launching his own brokerage out of the building, and already had 20 staffers working there. [CO] —David Jeans