PR Newswire·Mar 30, 2026, 12:30 PM ET

Newmark Arranges $1.65 Billion Refinancing of One Madison Avenue in New York City

Newmark arranged a $1.65 billion refinancing for One Madison Avenue, marking the largest U.S. office CMBS issuance in the past 12 months.
The transaction replaced a prior $1.25 billion construction facility with an all-in rate of 5.81% (a spread of 181 basis points over the U.S. Treasury index).
One Madison Avenue is a 550,000-square-foot asset in Manhattan featuring a restored historic podium & newly constructed tower, fully leased to 100% of its space.
Tenants at the property include major global companies in technology, artificial intelligence, & financial services, such as IBM, Franklin Templeton, & Harvey AI.
The deal was executed by Newmark representatives Jordan Roeschlaub, Nick Scribani, & Ricky Braha on behalf of owner SL Green Realty Corp.
Newmark Research reports that direct availability in Manhattan trophy assets dropped to 3.7% by the end of 2025, reflecting strong demand for high-quality office space.
Newmark generated nearly $3.3 billion in revenue for the twelve months ended December 31, 2025, & operates from approximately 175 offices with over 9,300 professionals.