RFR SECURES $100M FINANCING FOR 345 PARK AVENUE SOUTH

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NEW YORK CITY — RFR Holding LLC has closed $100 million in financing for 345 Park Avenue South in New York City. Citibank arranged the 10-year CMBS transaction. Located in Midtown South, 345 Park Avenue South is completely occupied by Digitas, a digital marketing firm owned by Publicis Groupe, which has leased the property through 2021. The property offers street-level retail space, which is currently occupied by two bank branches and a restaurant.

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