Vornado Completes $273 Million Refinancing of The Warner Building in Washington, DC
NEW YORK, NY --(Marketwired - May 10, 2016) - VORNADO REALTY TRUST (NYSE: VNO) announced today that its 55% owned joint venture has completed a $273 million refinancing of The Warner Building, a 621,000 square foot office building located at 1299 Pennsylvania Avenue three blocks from the White House. The seven-year loan matures in June 2023, has a fixed rate of 3.65%, is interest only for the first two years and amortizes based on a 30-year schedule beginning in year three.
