
The refinancing underscores the strength of the New York City office market and the liquidity in the debt markets for well-located Class A office buildings NEW YORK, July 9, 2026 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $352 million refinancing for 425 Lexington Avenue, a 31-story, 750,000-square-foot Class A office tower in Midtown Manhattan. JLL worked on behalf of the borrower, Vanbarton Group, LLC, to secure the floating rate, single-asset single-borrower (SASB) refinancing through Goldman Sachs, which was pre-placed entirely with funds and accounts managed by BlackRock.










