NEW YORK – May 1, 2023 – Attorneys at global law firm Greenberg Traurig, LLP advised long-standing client SL Green Realty Corp. in securing a $500 million refinancing loan for 919 Third Avenue, a 47-story, 1.5-million-sq.-ft. Class A office building in Midtown Manhattan.
SL Green, Manhattan’s largest office landlord, partnered with an institutional investor advised by J.P. Morgan Global Alternatives to complete the transaction.
The new mortgage loan was provided by an international and domestic lending group co-led by Aareal Capital Corporation and Credit Agricole Corporate and Investment Bank.
The Greenberg Traurig team representing SL Green was led by New York Real Estate Practice Shareholders Stephen L. Rabinowitz and Joel C. Harrison, with assistance from New York Real Estate Associate Zachary E. Schelberg.
Completed in 1970, 919 Third Avenue was designed by Skidmore, Owings & Merrill to accommodate an existing New York City landmark, the famed P.J. Clarke’s restaurant and saloon. Today, 919 Third Avenue is 80% leased and home to notable tenants such as Bloomberg L.P.