Business

Vornado JV to Sell 512 West 22nd Street for $205 Million

NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has entered into an agreement to sell 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. The sale is expected to close in the third quarter of 2025 and is subject to customary closing conditions. A portion of the proceeds will be used by the joint venture to repay the $123.6 million mortgage loan encumbering the property. Vornado Realty T

articleVornado Realty TrustMay 14, 20252/company/vornado-realty-trust/news/vornado-jv-sell-512-west-202600863
Vornado JV to Sell 512 West 22nd Street for $205 Million

About this update from Vornado Realty Trust

[{"type":"image","alt":"Vornado Realty Trust","displaySize":"","headline":null,"caption":"Vornado Realty Trust","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":53,"url":"https://media.zenfs.com/en/globenewswire.com/9c7daaa9253c5346a3399932decf48dd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/USnU.wY63i4oDqdP6WmUwg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/9c7daaa9253c5346a3399932decf48dd","width":300,"height":53}},"lazy":false},{"type":"text","content":"NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has entered into an agreement to sell 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. The sale is expected to close in the third quarter of 2025 and is subject to customary closing conditions.","length":355,"tagName":"p"},{"type":"text","content":"A portion of the proceeds will be used by the joint venture to repay the $123.6 million mortgage loan encumbering the property.","length":127,"tagName":"p"},{"type":"text","content":"Vornado Realty Trust is a fully-integrated equity real estate investment trust.","length":79,"tagName":"p"},{"type":"text","content":"CONTACT","length":7,"tagName":"p"},{"type":"text","content":"Thomas J. Sanelli(212) 894-7000","length":32,"tagName":"p"},{"type":"text","content":"Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this press release. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in P...

More updates from Vornado Realty Trust

Vornado Realty Trustreal estate investment trustforward-looking statementsfinancial conditionjoint ventureThomas J. SanelliPrivate Securities Litigation Reform Act of 1995