The General Motors Building at 747 Fifth Ave. Source: Boston Properties

NEW YORK CITY—Boston Properties, Inc. has closed on the$2.3-billion refinancing of the General Motors building at 767Fifth Ave. The deal announced last evening is believed to be onethe largest financing deals for a single office asset on record inthe United States.

New York City-based law firm Goulston & Storrs arranged the10-year interest-only financing deal on the 1.8-million-square-footproperty with a group of lenders led by Morgan Stanley. The groupof lenders also included Wells Fargo, Deutsche Bank and Citi, has learned. The newly secured financing matures onJune 9, 2027.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.