 |
The Aldyn, Upper West Side, Manhattan |
NEW YORK, NY – HFF announced today that it has closed the
sale of The Aldyn and The Ashley, two newly-developed, Class A
residential towers totaling 345 rental units in Manhattan’s Upper West Side.
 |
The Ashley, Upper West Side, Manhattan |
HFF
marketed the properties exclusively on behalf of the seller, a joint venture
between a global investment management firm and The Carlyle Group. GID purchased the offering for an
undisclosed amount free and clear of existing debt.
 |
| Andrew Scandalios |
The
towers are located along Riverside Boulevard between 62nd and 63rd Streets in
the River South neighborhood on the Upper West Side. Completed in 2010, the towers include a mixture of studio, one-,
two-, three- and four-bedroom units averaging 1,002 square feet each.
In addition to its
136 rental units, the Aldyn includes 150 condominium units, which are not
included in this transaction.
 |
| Jose Cruz |
The two towers have a total of 11,959 square feet of retail
space and feature amenities such as a 24-hour doorman, concierge services,
resident lounges, landscaped interior courtyard with sun decks and a parking
garage.
The properties also include LA PALESTRA, a
40,000-square-foot athletic club and spa offering state-of-the-art fitness
equipment, indoor pool, game room, bowling alley, rock climbing wall,
basketball court, golf simulator, squash court and spa service rooms.
 |
| Jeffrey Julien |
The
HFF team representing the seller was led by senior managing directors Andrew
Scandalios and Jose Cruz along with managing directors Jeff
Julien and Kevin O’Hearn and executive managing director Matthew
Lawton.
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $170 billion of assets under management across 113 funds and 67 fund
of fund vehicles as of December 31, 2012.
 |
| Kevin O'Hearn |
Carlyle’s purpose is to invest wisely and create value. Carlyle invests across four segments –
Corporate Private Equity, Real Assets, Global Market Strategies and Solutions –
in Africa, Asia, Australia, Europe, the Middle East, North America and South
America.
Carlyle has expertise in various industries including:
aerospace, defense & government services, consumer & retail, energy,
financial services, healthcare, industrial, technology & business services,
telecommunications & media and transportation. The Carlyle Group employs 1,400 people in 33 offices across six
continents.
 |
| Matthew Lawton |
GID is a privately-held, globally diversified and
fully-integrated real estate organization founded in 1960 that employs more
than 650 real estate professionals in multiple offices throughout the United
States.
During its 52-year
history the company has acquired or developed more than 54,000 residential
units and in excess of 13 million square feet of commercial space.
As of December 31, 2012, GID controls a real estate
portfolio consisting of 94 properties located in 17 states, and totaling more
than 35 million square feet comprised of more than 19,000 residential units
(including 466,315 square feet of commercial and retail space) and more than
3.9 million square feet of commercial space.
In addition, GID has
more than 12 million square feet of fully entitled properties in its
development pipeline.
For a complete copy
of the company’s news release, please 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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