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Vornado finances Washington, D.C., office complex

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Paramus-based Vornado Realty Trust announced Tuesday that it has completed a $185 million financing of the Universal buildings, a two-building complex in Washington, D.C.

The real estate investment trust said in a news release that the loan for the previously unencumbered 690,000-square-foot office buildings bears interest at LIBOR plus 1.9 percent and matures in 2019 with two one-year extension options.


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Eric Strauss

Eric Strauss

Eric Strauss is the Managing Editor of NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com.

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