Monday, December 3, 2012

HFF Secures $60 Million Construction Loan For Iconic New Morris Adjmi-Designed Office Tower in New York City



837 Washington St. rendering, New York City
 NEW YORK, NY - HFF, a leading provider of commercial real estate and capital markets services, announced today that it has secured a $60 million construction loan for 837 Washington Street, an iconic new office and retail building that will redefine the standard of the Meatpacking District’s architectural, aesthetic and commercial offerings.

 HFF placed the construction loan with M&T Bank on behalf of the borrower, a joint venture between affiliates of Taconic Investment Partners and Thor Equities.

Evan Pariser
Ideally situated on the corner of Washington and 13th Streets, 837 Washington will be composed of an existing landmark structure that will be restored and integrated within a brand new 55,000 square foot space envisioned as a flagship location for market-leading companies from the fashion, technology, entertainment and media industries.

 Senior managing director Evan Pariser; executive managing director John Pelusi; and director Michael Gigliotti of HFF represented the borrower in the transaction. Slated for occupancy in fall 2013, 837 Washington has been designed to receive a LEED Gold rating from the U.S. Green Building Council. 

John Pelusi
837 Washington’s three retail levels will total approximately 28,000 square feet anchored by a corner presence on Washington and 13th Streets just steps away from the Standard Hotel and the High Line. 

The office portion will measure approximately 27,000 square feet, serviced by two elevators via a private lobby on Washington Street, and boast soaring 12 foot high ceilings with full height divided light window walls affording abundant natural light and sweeping views in every direction.

Michael Gigliotti
In addition, the building will feature private terrace spaces of approximately 500 square feet on the 2nd floor, 3,500 square feet on the 3rd floor, and 3,000 square feet on the roof, with some of the Meatpacking District’s best vantage points of the High Line, Hudson River, Midtown, and Lower Manhattan. 

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com


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