Sunday, September 18, 2016

HFF arranges $25.5 million refinancing for office building in Manhattan’s Garment District

35 West 36th Street, Garment District, Manhattan, NYC

Steven Klein

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $25.5 million refinancing for 35 West 36th Street, a 79,750-square-foot office building in the Garment District of Manhattan.

HFF worked on behalf of the borrower, a joint venture between Hidrock Properties and an institutional investment partner, to secure the five-year, floating-rate loan through M&T Bank.

Originally built in 1911, 35 West 36th Street is a 12-story building with 72,600 square feet of office space and 7,150 square feet of ground floor retail.  The fully-leased property has a diverse tenant roster with no one tenant occupying more than 8.3 percent of the building. 

Situated mid-block between 5th and 6th Avenues in the Garment District, 35 West 36th Street is just blocks from Herald Square and the Times Square, Grand Central and Midtown South submarkets.  

Public transport is available via 18 subway lines, NJ Transit and LIRR, PATH, commuter bus lines and Metro North lines, all within walking distance.

The HFF debt placement team was led by managing director Steven Klein and director Geoff Goldstein.

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 |

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