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| 200 West End Avenue, Upper West Side Neighborhood, Manhattan, NY |
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| Jennifer Keller |
NEW YORK, NY, June 29,
2016 -- Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
secured a $32.1 million refinancing for a fully-leased retail condominium
located at 200 West End Avenue in
Manhattan’s Upper West Side neighborhood.
Working on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, HFF placed the 15-year,
fixed-rate loan through MetLife.
The retail condominium
totals approximately 25,446 square feet and is leased to four tenants – CVS
Pharmacy, Bin 70, Apple Seeds and Beverly Hills Dry Cleaners. The property’s location on the southeast
corner of West End Avenue and West 70th Street on the Upper West Side provides
significant frontage, exposure and visibility along the Avenue.
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| Rob Rizzi |
The HFF debt placement
team representing the borrower was led by managing director Rob Rizzi and director Jennifer Keller.
“The 200 West End Avenue
retail condo is strategically positioned in a densely populated neighborhood
with significant demand for essential products and services,” said Keller.
“This long term financing was locked in a
historically low interest rate environment and is an ideal match for the
property’s strong stable cash flow and limited rollover.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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