Fisher Brothers secured a $500 million refinancing deal for its 42-story office tower at 299 Park Avenue in Midtown Manhattan. Citi Group and JPMorgan provided the debt for the 1.2-million-square-foot property, which is 95% leased. The firm recently invested $20 million in capital improvements. The 10-year loan is over $100 million more than the tower’s previous mortgage. Major tenants like Capital One and UBS occupy 30% of the space, with leases running through 2031.
Fisher Brothers
