News:
Brokerage
Posted: August 12, 2025
Tishman Speyer completes $385
milliion refinancing of 300 Park Ave.
Manhattan, NY Tishman Speyer completed a $385 million refinancing of 300 Park Ave., its fully-leased class A office tower in the Plaza District.
A $330 million CMBS loan with a fixed interest rate of 5.44% was led by JPMorgan Chase with Deutsche Bank Securities and Morgan Stanley serving as co-lenders. Tishman Speyer concurrently closed on $55 million in mezzanine financing with Macquarie Capital Principal Finance. The proceeds from the refinancing will be used to pay off 300 Park Ave.’s existing loan.
Since 2021, Tishman Speyer has secured 440,000 s/f of new leases, extensions and expansions at 300 Park Ave. The 25-story tower is home to such prominent customers as Colgate-Palmolive, Ally Bank, and GoldenTree Asset Management.
“Our refinancing of 300 Park Ave. is the culmination of a strategic process that positions the tower for continued success well into the future,” said Tishman Speyer senior managing director Randall Rothschild.
Originally designed by Emery Roth & Sons and constructed in 1955, 300 Park Ave. encompasses 770,000 s/f of office space between East 49th and 50th Sts.
Customers in the tower benefit from close proximity to Grand Central Terminal, multiple subway and bus lines, and a host of premier restaurants, boutiques and cultural venues. Certified LEED Gold, Tishman Speyer completed an extensive renovation of the lobby in 2021, which now features a sleek design with modern white furnishings and marble walls accented with biophilic elements.
Tishman Speyer has successfully secured over $6.7 billion in refinancings on three of its marquee New York City office properties over the past nine months alone. In October 2024, Tishman Speyer closed on a $3.5 billion CMBS loan for its legendary Rockefeller Center campus, the largest CMBS issuance ever for a single office asset. Tishman Speyer followed that record-setting transaction with a $2.85 billion CMBS refinancing in January of this year for The Spiral, its new 66-story office tower on the West Side.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue
Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
