Vornado Completes Refinancing of Independence Plaza
NEW YORK.......VORNADO REALTY TRUST (NYSE:VNO) announced today that its 50.1% owned joint venture has completed a $675 million refinancing of Independence Plaza, a 1,327 unit residential complex in the Tribeca submarket of Manhattan. The seven-year interest only loan matures in July 2025 and has a fixed rate of 4.25%. The property was previously encumbered by a $550 million loan.
Vornado Realty Trust is a fully integrated equity real estate investment trust.