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RFR Refinances 17 State St. Office Tower
RFR announced the refinancing and recapitalization of several key assets in New York, including a trophy office property at 17 State St. in the Financial District, and high street retail assets at 670 Ave. of the Americas in Chelsea and 150 E. 72nd St. on Manhattan’s Upper East Side. The transactions closed at the end of 2024, building on the significant success stories for the firm last year despite a challenging market.
17 State St. was refinanced with a three-year loan extension for the 42-story, 571,000-square-foot trophy office tower in Lower Manhattan that RFR has owned for 25 years. Terms of the refi were not disclosed.
“RFR’s commitment to holding our prized properties has never wavered, and we’re pleased to round out our successful 2024 by announcing the first of several deals that affirm our ownership of high-profile office and retail assets in New York,” said Aby Rosen, co-founder and principal of RFR.
- ◦Financing