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Vornado Nears Major Refinancing of New York’s One Park Avenue

German American Capital, Barclays To Provide New Loan, Replacing $300 Million Note Maturing Next Month

The refinancing of One Park Avenue in New York City will back a forthcoming commercial mortgage-backed securities offering. (CoStar)
The refinancing of One Park Avenue in New York City will back a forthcoming commercial mortgage-backed securities offering. (CoStar)

After signing its largest tenant to a 20-year renewal, Vornado Realty Trust has lined up lenders to refinance its One Park Avenue office building in New York City.

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