New York-based REIT Alexander's completes US$250M refinancing of 1.2 million sq. ft. Kings Plaza in Brooklyn

Michelle Rivera

Michelle Rivera

PARAMUS, New Jersey , June 13, 2011 (press release) – ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has completed a $250 million refinancing of the 1.2 million square foot Kings Plaza Mall located in Brooklyn, New York. The five-year interest-only loan is at LIBOR plus 1.70%. The Company realized net proceeds of approximately $95 million after repaying the existing loan and costs.

Alexander’s, Inc. is a real estate investment trust that has seven properties in the greater New York City metropolitan area.


BW-image© 2024 Business Wire, Inc., All rights reserved.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.