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| Thomas Didio |
FLORHAM PARK, NJ ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $170 million in
financing for the newly-completed 70
Columbus, a 545-unit, Class A apartment tower in Jersey City, New Jersey.
HFF worked exclusively on
behalf of Ironstate Development and Panepinto Properties to secure the 10-year,
fixed-rate loan through Northwestern Mutual Real Estate. Loan proceeds were used to replace existing
construction financing.
Designed by Gwathmey,
Siegel, Kaufman and Associates Architects (GSKA), 70 Columbus has studio, one-
and two-bedroom luxury rental residences featuring panoramic views of the New
York skyline, oversized windows, wood floors, stainless appliances and quartz
countertops.
Common area amenities include a lobby with
fireplace lounge and social spaces designed by Noé Duchaufour Lawrance; bike
room; business center; 60,000-square-foot roof deck with swimming pool, sport
court, table tennis, grilling stations and dog run; and a 30,000-square-foot,
state-of-the-art fitness center.
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| Noé Duchaufour Lawrance |
The 50-story tower is located at 70
Christopher Columbus Drive at the intersection of Warren Street within walking
distance to the Hudson River waterfront and the Grove Street and Exchange Place
PATH train stations.
The HFF debt placement
team representing the borrower was led by senior managing director Thomas Didio.
“Northwestern Mutual
addressed the borrowers desire to lock the interest rate early in the process
and did a great job committing and closing the loan,” said Didio.
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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