Vornado Realty Trust Secures $525 Million Refinancing for One Park Avenue

Reuters
Feb 10
$Vornado Realty Trust(VNO-N)$ Secures $525 Million Refinancing for One Park Avenue

Vornado Realty Trust has secured a $525 million refinancing for One Park Avenue, a 945,000 square foot Class A office building in Manhattan. The new interest-only loan, which replaces a previous $525 million facility, carries a rate of SOFR plus 1.78% and matures in February 2031, as fully extended. This refinancing updates the prior loan that bore interest at SOFR plus 1.22% and was set to mature in March 2026. New York University currently leases approximately 74% of the property’s space.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vornado Realty Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9651544-en) on February 09, 2026, and is solely responsible for the information contained therein.

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