Mitsui Fudosan America, Related Companies and Oxford Properties borrow $1.245B from Wells Fargo, Deutsche Bank and Morgan Stanley for office tower in Hudson Yards

Mitsui Fudosan America, Related Companies and Oxford Properties through the entity One Hudson Yards Owner LLC as borrower signed a loan agreement with lenders Wells Fargo, Deutsche Bank and Morgan Stanley at $1.245 billion for 55 Hudson Yards at 380 11th Avenue in Hudson Yards. The deal closed on November 21, 2019 and was recorded on December 3, 2019.
The property contains a total of 1,178,640 square feet of built space.
The average loan per buildable square foot is $1,056.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on April 9, 2019.
Over the past five years, there have been 107 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 106 renovation/alteration projects (A2) applied for with a total estimated value of $200,701,225.There has been one new building permit application totaling 1,118,279 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link