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Moinian Group lands Refi for 450-460 Park Avenue South

WeWork occupies 55K SF in the building

450-460 Park Avenue South (Credit: Moinian Group)

The Moinian Group has secured $55.3 to refinance 450-460 Park Avenue South. The office building spans 172,570 SF, and is located between East 30th and East 31st Streets. Tenants include WeWork, Work Better, and ShopKeep.

Financing breakdown: North American Company for Life and Health Insurance provided the loan package, which includes $8.4 million in new debt.

Flashback: Moinian bought the office property in 1982, which he describes as his first office-play, according to TRD.

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