Global Holdings has secured a $450 million refinancing for 1250 Broadway, the 39-story office tower branded as Nomad Tower and located in the NoMad neighborhood. The property is LEED Platinum-certified, reflecting a high standard of environmental performance for an office asset.
The new financing was originated by Wells Fargo as a three-year, fixed-rate loan. According to the parties, the loan was structured as a Green Bond in alignment with Green Bond Principles, connecting the building’s sustainability profile with green-focused capital. Eastdil Secured acted as advisor on the transaction, and the proceeds are earmarked to retire existing debt on the property.
In a statement on the refinancing, Eyal Ofer, chairman of Global Holdings, said the company has deployed significant capital across its New York City portfolio since the 1980s. He noted that the firm has focused on creating best-in-class assets featuring elevated design, modernized infrastructure, and hospitality-driven amenities.
Ofer added that these investments are intended to help buildings both define and reinforce their surrounding neighborhoods. He cited Nomad Tower at 1250 Broadway as an example of this strategy, saying that the comprehensive repositioning approach has attracted top-tier tenants and supported demand within the NoMad submarket.
The chairman also referenced other recent refinancings completed by Global Holdings, including transactions at Anagram Columbus Circle and 888 Broadway. He said the Nomad Tower refinancing, taken together with those deals, underscores lender confidence in the company’s platform.
Global Holdings views the Nomad Tower refinancing as supportive of its ongoing effort to provide high-quality office space within its portfolio. With the new Green Bond financing in place and existing debt retired, the company positions the LEED Platinum-certified tower to remain competitive within the broader New York City office landscape.
