NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 45.1% owned joint venture has completed a $161 million refinancing of 61 Ninth Avenue, a 194,000 square foot office and retail property in the Meatpacking district of Manhattan, which is fully leased to Aetna and Starbucks. The interest only loan, which matures in March 2029, as fully extended, carries a rate of SOFR plus 3.00% for the first year, SOFR plus 3.35% for the second year and SOFR plus 3.85% for the remainder of the term.
The loan replaces the previous $155 million loan that bore interest at SOFR plus 2.45% and was scheduled to mature in November 2026.
Vornado Realty Trust is a fully-integrated equity real estate investment trust.
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