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Paramount Completes $860 Million Refinancing of Midtown New York Office Tower

Tenant Demand Has Favored Top-Tier Properties
Paramount Group completed an $860 million refinancing of 1301 Avenue of the Americas in New York. (CoStar)
Paramount Group completed an $860 million refinancing of 1301 Avenue of the Americas in New York. (CoStar)
CoStar News
August 4, 2021 | 5:56 P.M.

Paramount Group said it completed an $860 million refinancing of a midtown Manhattan office tower, a sign there is still investor interest in top-tier properties even as the market is still recovering from record-high office vacancies spurred by the pandemic.

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