Monday, June 3, 2013
345 Park Avenue South (JPMCC 2004-C3) refinanced
According to a Bisnow email , Citibank provided a $100mm CMBS loan to takeout the $68.9mm loan (6.99% of JPMCC 2004-C3) currently on the property which had a maturity date of 1/1/2015 and 18 more months of defeasance. The sponsor is RFR USA (Aby Rosen and Michael Fuchs). The sole tenant is Digitas, with a lease roll in 11/2021, a couple of years before the new 10-year loan matures.
Labels:
345 Park Avenue South,
Citi Never Sleeps,
Digitas,
JPMCC 2004-C3,
RFR
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