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| Former home of D. Rockefeller, 13-15 West 54th Street and 20 West 55th Street, Midtown Manhattan |
NEW YORK, NY, Nov. 15, 2016 – Holliday
Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $38 million in
financing for an office property totaling 103,389 rentable square feet at 13-15
West 54th Street and 20 West 55th Street in Midtown Manhattan, and $21.5
million in financing for 194 East 2nd
Street, a six-story, residential building with ground floor retail in the
East Village.
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| Andrew Scandalios |
HFF worked on behalf of
the borrower, Garden Homes Development, to secure a loan from a bank on the
Midtown asset and a loan from a life insurance company on the East Village
property.
The office properties are
situated on West 54th Street between Fifth and Sixth Avenues in Midtown
Manhattan. 13-15 West 54th Street
consists of two adjacent five-story mansions built in 1897 that are known as
the Rockefeller Townhouses, as they
were the home of John D. Rockefeller for nearly 40 years. The townhouses are connected to the 13-story
office building at 20 West 55th Street via an eight-story glass atrium. Overall, the buildings are nearly 100 percent
leased.
Completed in 1997, 194
East 2nd Street consists of an 8,465-square-foot, ground level retail space
fully leased to Duane Reed, with 61 luxury residential units above.
The property is situated on the northwestern
corner of East 2nd Street and Avenue B within walking distance of NYU, Cooper
Union and the New School in addition to numerous restaurants, theatres, clubs
and shops.
The HFF debt placement
team was led by Andrew Scandalios and
Geoff Goldstein.
“With the strength of the
assets’ locations in Midtown and the East Village and top-tier sponsorship, we
received a great deal of interest in these offerings from lenders,” said
Goldstein.
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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