The 49,372-sf building is 100% occupied by a subsidiary of Salvatore Ferragamo Italia. Ferragamo will relocate its US headquarters at the property and its US flagship store will open this spring in the ground-floor retail space.
Holliday Fenoglio Fowler managing director Michael Tepedino and associate director Edward Finnegan arranged the seven-year, adjustable rate financing for 655 Fifth Avenue Manhattan Corp. through Frankfurt-based lender Deka Bank.
"655 Fifth Avenue is an internationally renowned address as demonstrated by its foreign ownership, Italian-based tenant and German-based lender," says Tepedino. "The real estate is truly irreplaceable."
Built in 1932, the property comprises 34,499 sf of office space and 14,873 sf of retail.
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