NEW YORK CITY—The Rudin Family has closed a$425 million refinancing of 32 Ave. of the Americas, which isconsidered one of the most historically significant telecombuildings in the city.

JPMorgan served as the lead underwriter and wasjoined by Deutsche Bank on the new 10-year CMBSloan. The new financing replaces a $360 million loan that was dueto mature in April 2017.

Acquired by the Rudins in late 1999 fromAT&T, 32 Ave. of the Americas was one of theoriginal office towers that set the tone for Lower Manhattan'slive/work environment. Since the acquisition, the family hasinvested significant capital to renovate, re-engineer and transformthe property.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.