Vornado, Ken Griffin and Rudin Close 350 Park Avenue Joint Venture
Bitget2026/10/21 13:10- Vornado Realty Trust closed a joint venture with Ken Griffin and Rudin to develop 350 Park Avenue in Manhattan.
- A Griffin affiliate owns 60% of the venture, with Vornado holding 36% and Rudin 4%.
- The venture secured a $3.3 billion construction loan.
- Citadel Enterprise Americas signed a 1.05 million-square-foot anchor lease; 850,000 square feet will be available to the market.
- Construction is underway on the 66-story tower, which will deliver more than 1.9 million square feet.
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