Cushman & Wakefield, Greystone Arrange $800M Refinancing of 550 Madison Avenue Office Tower in Midtown Manhattan

Cushman & Wakefield and Greystone Capital Advisors have arranged an $800 million refinancing of 550 Madison Avenue, a landmark postmodern office tower in Midtown Manhattan, according to an announcement dated Feb. 27, 2026. The borrower is The Olayan Group, the property owner, and the financing was provided by a seven-lender consortium supplying senior debt.

Deal Structure and Lender Consortium

The $800 million in financing was structured as senior debt and distributed across seven institutional lenders: Rothesay, ING Capital, Crédit Agricole CIB, BBVA, BNP Paribas Real Estate, Société Générale, and Chubb. Individual loan allocations among the lenders were not disclosed.

Cushman & Wakefield and Greystone Capital Advisors served as capital markets brokers on the transaction, arranging the debt on behalf of The Olayan Group. No sale price, cap rate, price per square foot, or loan term details were disclosed in connection with the refinancing.

About 550 Madison Avenue

550 Madison Avenue is an office tower completed in 1984 and designed by architects Philip Johnson and John Burgee. The building was originally constructed as the headquarters of AT&T and later served as Sony's U.S. headquarters. The building has been designated as an Individual Landmark by New York City's Landmarks Preservation Commission.

The Olayan Group undertook a renovation of the property, led by architecture firm Snøhetta, with amenity levels designed by Rockwell Group. Specific occupancy figures and rentable square footage were not disclosed.

Transaction Summary

The Olayan Group retains ownership of the property following the close of the loan. No disposition or equity recapitalization was reported in connection with the transaction.

Sources

Cushman & Wakefield — $800 Million Refinancing of 550 Madison Avenue (Feb. 27, 2026)