Eyal Ofer’s Global Holdings has secured a $400 million loan from HSBC to refinance 120 Park Avenue, according to CO. The Midtown office tower spans 630,000 SF.
- Financing details: The deal extends $374.6 million in outstanding debt from a prior loan provided by HSBC in 2014. It also adds $25.3 million in new financing.
- Tenants include: Bloomberg (468,000 SF), Oracle (67,000 SF), and Philip Morris (60,000 SF).
- Flashback: Global Holdings paid $525.8 million for the asset in 2007.