JLL Secures $352 Million Refinancing for 425 Lexington Avenue Office Tower in Manhattan
SHERIDAN, WYOMING -- July 10, 2026 -- JLL Capital Markets has arranged a $352 million refinancing for 425 Lexington Avenue, a 31-story Class A office tower in Midtown Manhattan. The transaction, structured as a floating-rate single-asset single-borrower loan, was secured through Goldman Sachs and pre-placed entirely with funds managed by BlackRock. JLL represented the borrower, Vanbarton Group, in the refinancing of the 750,000-square-foot property located directly across from Grand Central Terminal.