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| 611 Avenue of the Americas, Chelsea Neighborhood, Manhattan, NY |
NEW YORK, NY, July 27,
2015 -- Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged a $44 million refinancing for a 100-percent-leased retail condominium
located at 611 Avenue of the Americas
in Manhattan’s Chelsea neighborhood.
 |
| Jennifer Keller |
Working on behalf of
Gerald Brauser and Steven Brauser of The Parkland Group, HFF secured the
15-year, fixed-rate, non-recourse loan through Allianz Real Estate of America,
Inc. on behalf of the US Allianz insurance companies.
The retail condominium is
located at the base of a 10-story luxury residential property developed by The
Parkland Group in 2008 and designed with floor-to-ceiling glass windows by
architect Garrett Gourlay.
In addition to three retail spaces, the
building contains 41 luxury residences that were not included in the
financing.
The retail condominium totals
approximately 30,000 square feet and is leased to three tenants – Chase Bank,
Duane Reade and Modell’s Sporting Goods.
Situated on the southwest
corner of Avenue of the Americas (also known as Sixth Avenue) and West 18th
Street, the property is in the Midtown South submarket and in the heart of
Chelsea, a live-work-play mixed-use neighborhood.
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| Rob Rizzi |
The property is accessible
via multiple subway stops within walking distance, including the 1,2, 3, 4, 5,
A,C, E, F, L, M, N, Q and R lines.
The HFF debt placement team representing the
borrower was led by managing director Rob
Rizzi and director Jennifer Keller.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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