NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $525 million refinancing of One Park Avenue, a 945,000 square foot Class A Manhattan office building. New York University leases approximately 74% of the space at the property. The interest only loan carries a rate of SOFR plus 1.78% and matures in February 2031, as fully extended.

The loan replaces the previous $525 million loan that bore interest at SOFR plus 1.22% and was scheduled to mature in March 2026.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.

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Vornado Completes $525 Million Refinancing of One Park Avenue