The 42-story, 1,650,000 square foot Avenue of the Americas building has been refinanced for $372 million. The office tower in the middle of Manhattan is owned by AXA Equitable Life Insurance Company and investors advised by J.P. Morgan Asset Management.
The international building with a decidedly modernist style is located in Rockefeller Center and is one of the most highly sought after commercial real estate properties in the country.
Commercial real estate firm Holliday Fenoglio Fowler placed the loan with MetLife Real Estate Investments.
The space was developed in the 1960s as the headquarters for The Equitable Life Assurance Society of the United States, and is the largest office building in the state of New York to gain LEED Silver certification.
The building is 99.9 percent leased and is anchored by UBS, advertising agency BBDO and law firm Paul Weiss, Rifkind, Wharton and Garrison, and remains one of the staples of the Manhattan skyline and office market.