Alexander's Completes Restructuring of Retail Loan at 731 Lexington Avenue

PARAMUS, N.J., Dec. 29, 2025 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that it has restructured the 300millionmortgageloanontheretailcondominiumof731LexingtonAvenueinManhattan.Underthetermsoftherestructuring,theexistingloanwassplitintoa300 million mortgage loan on the retail condominium of 731 Lexington Avenue in Manhattan. Under the terms of the restructuring, the existing loan was split into a 132.5 million senior “A-Note” accruing current interest at 7.00% per annum and a $167.5 million junior “C-Note” accruing interest at 4.55% per annum, with a new maturity date of December 23, 2035. At the closing of the rest ...