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BRIEF-Vornado joint venture acquires 99-year leasehold of Farley post office
June 19, 2017 / 9:13 PM / 3 months ago

BRIEF-Vornado joint venture acquires 99-year leasehold of Farley post office

June 19 (Reuters) - Vornado Realty Trust

* Vornado joint venture acquires 99-year leasehold of Farley post office

* Joint venture has made a $230 million upfront contribution to construction of Moynihan Train hall

* Joint venture completed a $271 million loan facility, with an initial advance of $202 million

* Vornado Realty Trust- interest only loan is at libor plus 3.25%, currently 4.41%, and matures in june 2019, with two one-year extension options Source text for Eikon: Further company coverage:

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