Global Holdings said Wednesday it has secured a $450-million refinancing for 1250 Broadway, branded as Nomad Tower, its 39-story, LEED Platinum-certified office tower located in NoMad.
Wells Fargo originated the three-year, fixed-rate loan, which was structured as a Green Bond in alignment with Green Bond Principles. Eastdil Secured served as the advisor. Proceeds will retire existing debt.
“Across our New York City portfolio, we have invested significant capital since the 1980s to create best-in-class assets characterized by elevated design, modernized infrastructure, and hospitality-driven amenities.” said Eyal Ofer, chairman of Global Holdings.
He continued, “These buildings often help define and reinforce their surrounding neighborhoods, and Nomad Tower – 1250 Broadway is a prime example, where this comprehensive approach has attracted top-tier tenants and strengthened demand in the NoMad submarket. Alongside recent refinancings at Anagram Columbus Circle and 888 Broadway, this transaction further underscores lender confidence in our platform and supports our continued delivery of best-in-class office space.”
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