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| 25 Broad Street, financial district, Manhattan, NY |
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| John Mikula |
FLORHAM PARK, NJ – HFF announced today that it has arranged
a $110 million permanent financing for 25 Broad at the Exchange, a
newly-renovated, 308-unit, Class A multi-housing property in Manhattan’s
Financial District.
HFF
represented LCOR to secure the seven-year, fixed-rate permanent loan with
Northwestern Mutual Life Company.
25 Broad at the Exchange is located in downtown Manhattan
adjacent to the New York Stock Exchange.
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| Jim Cadranell |
Originally built in
1902, the newly renovated property is 95 percent leased and consists of 308
luxury units (19 penthouse units), which include studio, one-, two- and
three-bedroom options.
The property also includes three commercial units: Bobby
Van’s Steakhouse, Canali and a dry cleaner.
Building amenities include a fitness center, yoga studio, children’s
playroom, resident lounge, billiards room, golf simulator and rooftop lounge.
The
HFF team representing the borrower was led by senior managing director Jon
Mikula and managing director Jim Cadranell.
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 | www.hfflp.com
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