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 digital content editor for 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 or @acerimrat on Twitter.

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