Alexander’s (ALX) completed a $175M refinancing of its 615,000 square foot Rego Park II shopping center located in Queens, New York. The interest-only loan is at SOFR plus 2.00%, currently 5.82%, and matures in December 2030. Alexander’s paid down by $23.5M the prior $198.5M loan that bore interest at SOFR plus 1.45% and was scheduled to mature on December 12, 2025.
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