Vornado, Ken Griffin and Rudin close 350 Park Avenue joint venture with $3.3B construction loan

Vornado Realty Trust, Ken Griffin and Rudin closed their joint venture for the 350 Park Avenue development in New York City, a 66-story, 1.9 million square foot office tower. The venture is owned 60% by a Griffin affiliate, 36% by Vornado and 4% by Rudin, and secured a $3.3 billion construction loan from a bank syndicate including Wells Fargo, plus a 1.05 million square foot anchor lease with Citadel Enterprise Americas LLC.

Detected & updated continuously · Source: Nebula