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| 401 West 14th Street, Meatpacking District, New York, NY |
NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has secured an $89 million refinancing for 401 West 14th Street, a mixed-use retail and office building
anchored by Apple Inc. and located at the intersection of Ninth Avenue and 14th
Street at the entry to New York’s Meatpacking District.
HFF worked on behalf of
the sponsor, Taconic Investment Partners LLC, to place the 15-year,
interest-only, fixed-rate loan with MetLife.
The transaction closed on October 29, 2015.
401 West 14th Street is
100 percent leased and anchored by a flagship Apple Store, which features a
three-story, distinctive curved glass internal staircase.
The four-story building is also home to
retailers Hugo Boss and The Kooples as well as offices for Apple and Raptor
Capital Management. Fully redeveloped in
2007, the building features all new systems, windows and a restored historic
façade.
The building’s penthouse
contains three terraces and floor-to-ceiling windows that offer views of the
Meatpacking District, a 20-block, 24-hour Manhattan destination with upscale
offices and trendy restaurants, nightlife, retail, hotels and cultural
attractions including the High Line and the new Whitney Museum.
401 West 14th Street is two blocks from the
Chelsea Market and from Google’s East Coast headquarters at 111 Eighth Avenue
and sits at the nexus of Chelsea and the West Village.
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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