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EQ Office lands Refi for 65 East 55th Street

Morgan Stanley provided the debt

65 East 55th Street (Credit: EQ Office)

EQ Office has secured a $570 million loan from Morgan Stanley to refinance 65 East 55th Street, according to TRD. The Park Avenue Tower spans 625,000 square feet, and recently underwent a $25 million renovation.

Flashback: The firm paid $750 million for the office tower in 2014… At the time of the acquisition, the Blackstone subsidiary received a $560 million loan of which $425 million was securitized.

Worth Noting: The CMBS portion of the loan was paid off earlier this month.

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