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| 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.
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| 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.
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| 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.
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| 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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