Newmark Group has arranged a $675 million loan on behalf of Vornado Realty Trust and Stellar Management for the refinancing of Independence Plaza, a 1,328-unit multifamily property located in the Tribeca neighborhood of Manhattan.
Independence Plaza is a 1,328-unit residential complex totaling 1.4 million square feet across three 39-story residential towers, a series of townhomes, on-site parking garage and four contiguous blocks of retail frontage.
