"180 Madison Avenue's ideal location, quality of its tenant roster and extremely strong sponsorship created great interest within the financing community," says Morton Holliday, managing director of Sonnenblick-Goldman. Sonnenblick-Goldman's financing team was led by Holliday, Mark Ehlinger, director, and Alex Hernandez, associate.
The 24-story office building, on the southwest corner of Madison Avenue and East 34th St., is within walking distance of both Grand Central Station and Penn Station. Tenants include Natori Co., Kellwood Co. and Vandale Industries.
Since the beginning of the year, Sonnenblick-Goldman finance deals have included securing a $20 million construction loan for a Carnegie Hall condo project, arranging a$30 million first mortgage for the Westin Savannah Harbor Resort in Savannah, GA as well as arranging $350 million of debt financing for the 3,227-room Capital Hotel Investments portfolio. The firm, founded in 1893, also secured long-term, fixed rate, first leasehold mortgage financing of $35 million for 673 First Ave., a 420,000-sf office building, and arranged a $39 million long-term, fixed rate first mortgage for Invesco Funds Corporate Campus in Denver.
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