Fisher Brothers has scored $500 million to refinance its recently completed renovation of its Midtown office property, 299 Park Avenue, which also serves as the developer's headquarters.
The funding for the loan is being provided by Citi Group and J.P. Morgan. The length of the term and other specifics of the financing were unclear.
The 1.17 million square foot asset is 95 percent leased. For 2024, Fisher was active with securing leases for 299 Park, inking more than 60,000 square feet worth of deals. This includes MacKay Shields LLC's 30,000 square feet of space and Becker, Glynn, Muffly, Chassin & Hosinski LLP's nearly 25,000 square foot renewal.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
