Eyal Ofer’s Global Holdings lands $380M refi for 120 Park

Now that he’s locked up Bloomberg to a long-term lease, Eyal Ofer has refinanced his 120 Park Avenue office tower to the tune of $382 million. Ofer’s Global Holdings tapped Wells Fargo and the German bank LBBW to refi the 26-story, 620,000-square-foot tower, the owner told The Real Deal. The funding retires a $335 million loan from HSBC in 2019. Global Holdings is working on renovating the lobby, modernizing the building’s elevators and upgrading its public spaces. The financing deal comes after Ofer locked up most of the building’s space for the long term. Bloomberg LP last year renewed nearly […]

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