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Orda's 225 Park Avenue South Nearing $350M Recap With TPG, Sagehall
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Orda's 225 Park Avenue South Nearing $350M Recap With TPG, Sagehall
Orda Management is nearing a significant recapitalization of its office building at 225 Park Avenue South, Commercial Observer has learned. As part of the recap of the vacant, 700,000-square-foot property — valued at $350 million today — TPG and Sagehall are coming in as new equity partners and the building’s debt is being restructured, sources told CO. Orda is remaining in the deal. Newmark’s Adam Spies and Adam Doneger are leading the transa…
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