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Rudin Management secures $550M refinancing for Blackstone NYC HQ

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Rudin Management secures $550M refinancing for Blackstone NYC HQ

Property company Rudin Management Co. Inc. refinanced the debt on the 634-foot-tall office property at 345 Park Ave. in New York City in a $550 million deal with Prudential Real Estate and the New York State Teachers' Retirement System, The Real Deal reported, citing records filed with the city.

The refinancing includes a new $179 million mortgage, with the deal replacing the previous refinancings with Prudential in 2010 and 2014, the report noted.

The property serves as the headquarters of private equity giant Blackstone Group LP and the National Football League, according to the report.

The publication could not retrieve a comment from Rudin Management CEO and Vice Chairman Bill Rudin regarding the matter.