George Comfort & Sons Refinances 200 Madison for $386M

George Comfort & Sons, and its partners Loeb Partners Realty and Jamestown, completed a $386-million refinancing of 200 Madison Ave., a 750,000-square-foot Grand Central district office tower. New York Life provided the five-year floating rate loan, structured with a three-year initial term and two 12-month extension options. Proceeds will be used to pay off 200 Madison’s existing debt and fund ongoing leasing.

The refinancing follows an August agreement with Havas Health for a 15-year extension and headquarters expansion, which grew the global firm’s footprint to 254,118 square feet. Other notable office tenants include architecture practice Spectorgroup and boutique law firm BraunHagey & Borden.

“This refinancing underscores the lending community’s confidence in office assets like 200 Madison Ave. that are defined by top-tier amenities, unrivaled location and strong sponsorship,” said George Comfort & Sons President and CEO Peter S. Duncan.

Jonathan Estreich, Peter A. Duncan and Egor Petrov of Estreich & Company and Adam Spies, Adam Doneger and Willis Robbins of Newmark assisted in arranging the transaction.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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