Newmark Group Inc. Secures Landmark $1.65 Billion Refinancing for One Madison Avenue

On March 30, 2026, Newmark Group, Inc. (Nasdaq: NMRK), a prominent commercial real estate advisor and service provider, announced the successful arrangement of a $1.65 billion refinancing for One Madison Avenue, a prime office asset located in Manhattan. This refinancing event marks the largest issuance of U.S. office commercial mortgage-backed securities (CMBS) in the past year, highlighting the robust institutional appetite for high-quality office investments amidst a dynamic market landscape.

The refinancing, facilitated by Newmark’s Co-President of Debt & Structured Finance, Jordan Roeschlaub, and Vice Chairman Nick Scribani, involved the representation of owner SL Green Realty Corp. Senior Managing Director Ricky Braha also played a significant role in the transaction. The financing was secured at a spread of 181 basis points over the U.S. Treasury index, culminating in an all-in rate of 5.81%. This new financing replaces a previous $1.25 billion construction facility, showcasing a significant step in the asset’s financial evolution.

Roeschlaub commented on the transaction, stating, "This transaction demonstrates the depth and precision of capital available for best-in-class office assets." He emphasized that institutional investors remain on the lookout for high-quality opportunities characterized by strong tenancy and long-term relevance.

One Madison Avenue stands as a testament to modern office design, featuring a blend of restored historic architecture and a newly constructed 550,000-square-foot tower. The property boasts a fully leased status, hosting a roster of prestigious global tenants from sectors such as technology, artificial intelligence, and financial services. Notable tenants include industry giants like IBM, Franklin Templeton, Palo Alto Networks, FanDuel, Sigma Computing, and Harvey AI.

Nick Scribani noted the significance of the transaction, stating, "Execution at this scale reflects both the strength of the sponsorship and the evolving credit profile of premier office assets." The financing attracted exceptional investor demand, underlining the ongoing reopening of capital markets for top-tier office products in key urban markets.

The design of One Madison Avenue caters to contemporary workplace needs, featuring amenities that support employee productivity and well-being. The building includes 100% outside air systems, abundant natural light, hospitality-driven shared spaces, and curated retail offerings, making it a desirable location for businesses aiming to attract and retain talent.

According to Newmark Research, the demand for high-quality office space continues to intensify, particularly in gateway markets, as tenants increasingly prioritize performance, experience, and talent attraction. The availability of trophy assets in Manhattan, such as One Madison Avenue, fell to just 3.7% by the end of 2025, reinforcing investor confidence in well-located properties that align with evolving occupier needs.

As a leading player in the commercial real estate sector, Newmark Group, Inc. has demonstrated its capacity to navigate complex financing landscapes. For the twelve months ending December 31, 2025, Newmark reported revenues of nearly $3.3 billion and operated approximately 175 offices with over 9,300 professionals worldwide.

With its comprehensive suite of services tailored to various clients, from institutional investors to startups, Newmark continues to establish itself as a critical partner in the commercial real estate industry, especially in the face of changing market conditions and tenant expectations.

This landmark refinancing of One Madison Avenue not only reflects Newmark's expertise but also signals a continued confidence in the future of high-quality office spaces in prime urban locations.