Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, announced the refinancing of 120 Park Avenue, its 620,000-square-foot trophy office tower located steps from Grand Central Terminal on Park Avenue in midtown Manhattan. Wells Fargo and LBBW co-originated the $382.4 million loan, which includes $360.5 million in initial proceeds and replaces the property’s existing $335 million financing.
The news follows strong leasing momentum at 120 Park Avenue. Bloomberg, which occupies approximately 80 percent of the building’s rentable area — nearly 500,000 square feet across 20 floors — signed a long-term renewal at the end of 2025, extending its tenancy through February 2040.
Global Holdings is advancing improvements at 120 Park Avenue, including a lobby renovation, privately owned public space improvements and elevator modernization. The firm also recently completed window upgrades on the fifth and sixth
