SL Green Realty (SLG) Announces Closing of $1.5 Construction Financing Arrangement for One Vanderbilt
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SL Green Closes $1.5 Billion Construction Financing, Paving Way for One Vanderbilt Development
September 28, 2016 7:30 AM EDTNEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE: SLG), New York City's largest commercial property owner, today announced that it has closed on $1.5 billion of construction financing for One Vanderbilt, ensuring that the 1,401-foot-tall, state-of-the-art office tower, will soon rise adjacent to Grand Central Terminal in Midtown Manhattan. One Vanderbilt will include direct connections to Grand Centrals network of mass transit, improved by $220 million in upgrades SL Green is implementing as part of the project.
The facility, led by Wells Fargo Bank, N.A. as Administrative Agent, The... More
