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| Home : Alexander's Completes $350 Million Refinancing of 731 Lexington Avenue Retail Space Realizing $26 Million of Net Proceeds |
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Aug 06
2015 |
Alexander's Completes $350 Million Refinancing of 731 Lexington Avenue Retail Space Realizing $26 Million of Net Proceeds |
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PARAMUS, NJ--(Marketwired - August 05, 2015) - ALEXANDER'S, INC. (NYSE: ALX) announced today that it has completed a $350 million refinancing of the retail portion of 731 Lexington Avenue. The interest-only loan is at LIBOR plus 1.40%, currently 1.59%, and matures in August 2020, with two one-year extension options. The Company realized net proceeds of approximately $26 million after repaying the existing $320 million 4.93% fixed-rate mortgage and closing costs. |
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| Source:http://www.marketwired.com/mw/release.do?id=2045477&sourceType=3 |
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