Ordas 225 Park Avenue South Nearing $350M Recap With New Partners TPG, Sagehall

Image for article Ordas 225 Park Avenue South Nearing $350M Recap With New Partners TPG, Sagehall
News Source : Commercial Observer

News Summary

  • Orda Management is nearing a significant recapitalization of its office building at 225 Park Avenue South
  • TPG and Sagehall are coming in as new equity partners and the building’s debt is being restructured
  • The transaction is under contract and expected to close within 30 days
Orda Management is nearing a significant recapitalization of its office building at 225 Park Avenue South, Commercial Observer has learned.As part of the recap of the vacant, 700,000squarefoot p [+2281 chars]

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