Thursday, November 5, 2015

HFF secures $89 million refinancing for The Apple Building in New York’s Meatpacking District

401 West 14th Street, Meatpacking District, New York, NY

 NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured an $89 million refinancing for 401 West 14th Street, a mixed-use retail and office building anchored by Apple Inc. and located at the intersection of Ninth Avenue and 14th Street at the entry to New York’s Meatpacking District.

HFF worked on behalf of the sponsor, Taconic Investment Partners LLC, to place the 15-year, interest-only, fixed-rate loan with MetLife.  The transaction closed on October 29, 2015.

401 West 14th Street is 100 percent leased and anchored by a flagship Apple Store, which features a three-story, distinctive curved glass internal staircase.  

The four-story building is also home to retailers Hugo Boss and The Kooples as well as offices for Apple and Raptor Capital Management.  Fully redeveloped in 2007, the building features all new systems, windows and a restored historic façade.  

The building’s penthouse contains three terraces and floor-to-ceiling windows that offer views of the Meatpacking District, a 20-block, 24-hour Manhattan destination with upscale offices and trendy restaurants, nightlife, retail, hotels and cultural attractions including the High Line and the new Whitney Museum.  

401 West 14th Street is two blocks from the Chelsea Market and from Google’s East Coast headquarters at 111 Eighth Avenue and sits at the nexus of Chelsea and the West Village.

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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