Manhattan Office Tower Secures $900M Refinance Amid High Occupancy
Manhattan Office Tower Secures $900M Refinance Amid High Occupancy
Embedded Files
August 8, 2025 | New York City
A landmark Midtown Manhattan office building, located at 1301 Avenue of the Americas, has completed a significant $900 million refinancing. The Class A tower is currently over 97% leased, reflecting its strong positioning in one of New York’s most competitive office markets. This refinancing underscores investor and lender confidence in high-performing, well-located assets within the city’s commercial real estate landscape.
The refinancing comes at a time when many office properties across the country are experiencing slower leasing activity and tighter financing conditions. However, the nearly full occupancy of 1301 Avenue of the Americas sets it apart, demonstrating sustained demand for premium office space in Midtown Manhattan. While the full loan details remain exclusive to CoStar subscribers, the transaction’s scale speaks to the resilience of select trophy assets.
Owned by Paramount Group, Inc., the tower continues to perform well in an environment where lenders are scrutinizing office deals more carefully. This successful refinancing may signal a broader trend of flight-to-quality in office investments, where lenders are more willing to support assets with strong tenancy, prime location, and proven performance.
As the New York office market continues to evolve post-pandemic, large recapitalizations like this could become more common for high-quality buildings. The deal adds to recent optimism surrounding Midtown’s recovery and the return-to-office momentum among corporate tenants.
Page updated
Google Sites
Report abuse