Teachers Insurance and Annuity Association of America, College Retirement Equities Fund  (TIAA- CREF) provided a $145 million loan against the Graybar Building located at New York City’s Grand Central Station.

The owner of the property, major office REIT SL Green, will use the proceeds to payoff a $108 million loan in the COMM01-J1 deal, which is set to mature in November 2010, resulting in approximately $37 million in net proceeds.  

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