Related Companies and Oxford Properties Group, the developers of Hudson Yards, closed on the recapitalization of the 10 Hudson Yards building.

The building is now owned by a limited partnership that includes Allianz Real Estate, which has a 44 percent stake, as well as Related, Oxford and institutional investors advised by J.P. Morgan Asset Management. Deutsche Bank and Goldman Sachs provided $1.2 billion in debt financing.

Ten Hudson Yards, which opened earlier this year, houses the headquarters of Coach Inc., L’Oréal USA, SAP, The Boston Consulting Group, VaynerMedia, Intersection and Sidewalk Labs.

Coach on Monday said it completed the sale-leaseback of its headquarters at 10 Hudson Yards for $707 million (net of $77 million due to the developer of Hudson Yards) before transaction costs of $26 million, resulting in a gain of about $30 million which will be amortized over 20 years. Coach has simultaneously entered into a 20-year lease for the headquarters.

“We are very pleased to monetize our investment in Hudson Yards, where we were the first company to commit to the project and will be the largest tenant in the new building,” said Victor Luis, chief executive officer of Coach. “We are bringing both our brands — Coach and Stuart Weitzman — together under one roof, in a modern work space, very much reflective of the Coach values and sensibility.”

Christoph Donner, ceo of Allianz Real Estate of America, said, “Allianz is focused on pursuing high-quality, long-term investment opportunities in global 24/7 cities, in collaboration with best-in-class partners. Our participation in 10 Hudson Yards reflects this strategy in every way.”

The 52-story 10 Hudson Yards is a LEED Platinum-designed tower by architects Kohn Pedersen Fox Associates. It connects up to the High Line on the south side, and on its north side, the one-million-square-foot Shops & Restaurants at Hudson Yards under construction.

Hudson Yards, a massive mixed-use development on Manhattan’s west side, last week said it completed the financing of 35 Hudson Yards, on the corner of 33rd Street and 11th Avenue scheduled to open in 2019, for $2 billion, including $1.2 billion in debt financing led by the Children’s Investment Fund.