Paramount Completes Acquistion of Market Center
Paramount Group, Inc. (PGRE)
Last paramount group, inc. earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
ir.paramount-group.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has completed the previously announced acquisition of Market Center, a two-building Class A office complex consisting of 555 Market Street and 575 Market Street in San Francisco, through a joint venture in which Paramount owns a 67.0% interest. The transaction valued the property at approximately $722.0 million, or $959 per square foot. In connection with the acquisition, the joint venture completed a $402.0 million financing of the property for an initial term of five years, with two one-year extension options. The loan is interest only at LIBOR plus 150 basis points and was swapped for an all-in fixed rate of 3.07% over the initial term.About Paramount Group, Inc.Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties locat
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PGRE
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- 10/30/24 - Beat
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- 10/30/24 - Form 8-K
- 10/30/24 - Form 10-Q
- PGRE's page on the SEC website