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August 06, 2021
Cadwalader advised the administrative agent and lenders in an $860 million mortgage and mezzanine refinancing of 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building in New York City, for Paramount Group, Inc., a public REIT focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City and San Francisco. The transaction marks one of the largest office refinances to close post-COVID in New York City.
The Cadwalader team was led by Finance partner Holly Chamberlain and included special counsel Kevin Sholette and associate Eunji Jo.