Monday, August 24, 2009

HFF secures $23.73M financing for Sydney, Australia multifamily facility

Triad Group of Boston brokers the transaction

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $23.73 million in financing on behalf of TJAC International for a multifamily housing facility in Sydney, Australia. (skyline photo centered below)

HFF director Anthony Cutone (bottom right photo) worked exclusively on behalf of the borrower, TJAC International, to arrange the construction/permanent loan through CTL Capital, LLC. Andrew Mann, a partner at The Triad Group, represented the buyer, TJAC International, in the sale.

The property will be located at 15 Regent Street in Sydney, Australia. When completed, the property will consist of a seven-story structure with two levels of underground parking.

The building will include 44 residential apartment units and approximately 2,500 square feet of street-level retail.

The Triad Group, who exclusively represented TJAC International, was initially started by the late Richard Sternberg in 1985 and grew into one of the nation’s most respected retail real estate firms.

Now in 2009 under the leadership of Michael Sternberg and Andy Mann, The Triad Group has re-emerged and is poised to take its place among industry leaders; now with a global reach.

A full-service real estate firm with experience worldwide, The Triad Group offers clients a complete scope of services from landlord and tenant representation to construction and the long-term management of assets.

Recent transactions range from Boston-based retail and office leases to international buyer representation with projects throughout Europe, the United Kingdom and Australia. The Triad Group differentiates itself from competition by offering a truly one stop shop for all real estate needs


Anthony Cuton, HFF Director, (617) 338-0990,
Andrew Mann, The Triad Group Partner, (617) 739-0009,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,