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Report: Blackstone subsidiary secures $570M refinancing for NYC property

EQ Office secured a $570 million refinancing package for its Park Avenue Tower property in New York City from Morgan Stanley, The Real Deal reported, citing a source with knowledge of the matter.

The unit of private equity giant Blackstone Group LP recently completed a $25 million renovation of the 36-story property at 65 E. 55th St., according to the publication.

The publication could not obtain a comment on the matter from Blackstone or Morgan Stanley.