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SL Green, partner refinance $235M loan on NYC building

SL Green Realty Corp. and Wharton Properties refinanced their jointly owned property at 724 Fifth Ave. in New York City's Plaza District with a new $235 million loan, The Real Deal reported.

The loan, provided by Aareal Capital Corp., replaces a $235 million existing loan from Goldman Sachs, the publication noted, citing loan documents.

A partnership between SL Green and Wharton acquired the 12-story, 65,000-square-foot building for $200 million in 2012.