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35 West 36th Street, a 12-story, 77,880-square-foot office building
in the Garment District of Manhattan, New York
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NEW
YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) and Hidrock
Properties announce the closing of a $32 million refinancing for 35 West 36th Street,
a 12-story, 77,880-square-foot office building in the Garment District of
Manhattan.
HFF
placed the three-year, floating-rate loan on Hidrock’s behalf through Ladder
Capital Finance.
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| Abraham J. Hidary |
Originally
built in 1911, 35 West 36th Street is a 12-story, loft-style building with
70,800 square feet of office space and 7,080 square feet of ground-floor
retail.
The
building’s renovated lobby boasts two high-speed elevators that open directly
into each tenant’s space. Tenants benefit from multiple building
amenities such as a doorman, 24/7 key card access, high-speed internet
providers, including fiber, and on-site retail amenities, including a café and
kickboxing gym.
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| Steven Klein |
Public
transport is available via 18 subway lines, NJ Transit and LIRR, PATH, commuter
bus lines and Metro North lines, all within walking distance.
“What
drew us to acquire this building in 2007 was its central location and proximity
to mass transit, including walking distance to both Grand Central Station and
Penn Station,” said Abie Hidary, Hidrock’s Chief Executive
Officer.
“We are
pleased to have seen its value increase steadily as we redesigned, renovated
and re-tenanted the building over the years.”
 |
| Jackie Ferrer |
“Hidrock
Properties is a multi-generational real estate company dedicated to long-term
investment in commercial real estate properties and 35 West 36th Street was no
exception,” Klein said.
“The
office property has been and continues to be well-maintained and is a testament
to Hidrock’s 12-year ownership of the building. It was a pleasure working
with Hidrock and its affiliates on this financing.”
CONTACTS:
STEVEN
KLEIN
HFF
Managing Director
(212)
245-2425
OLIVIA
HENNESSEY
HFF
Public Relations Specialist
(713)
852-3403
