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Dec 9, 2025 12:00 PM

Alexander's Completes $175 Million Refinancing of Rego Park II

PARAMUS, N.J., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that it has completed a $175 million refinancing of its 615,000 square foot Rego Park II shopping center located in Queens, New York. The interest-only loan is at SOFR plus 2.00%, currently 5.82%, and matures in December 2030.

Alexander's paid down by $23.5 million the prior $198.5 million loan that bore interest at SOFR plus 1.45% and was scheduled to mature on December 12, 2025.

Alexander's, Inc. is a real estate investment trust that has five properties in New York City.

CONTACT:GARY HANSEN(201) 587-8541

Certain statements contained herein constitute forward-looking statements ...