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Fried, Frank, Harris, Shriver & Jacobson LLP
06/09/2025 | Press release | Distributed by Public on 06/09/2025 09:16
Blackstone Acquires Stake in 1345 Avenue of the Americas
Fried Frank acted as counsel to Blackstone Real Estate in acquiring a 46 % joint-control interest with Fisher Brothers in 1345 Avenue of the Americas at a full capitalization of $1.4 billion. The Blackstone/Fisher Brothers JV also secured an $850 million CMBS refinancing from Morgan Stanley, JP Morgan Chase, and Citibank. 1345 Avenue of the Americas is a 50-story, 2-million-square-foot, Class A office building located in Midtown Manhattan.
The Fried Frank team was led by real estate partner Steven Rudgayzer in connection with the acquisition and real estate partner Laurinda Martins in connection with the financing.
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