The New York City office of Holliday Fenoglio Fowler LP arranged the refinancing for the partnership. HFF managing director Evan Pariser and senior real estate analyst Todd Newman placed the five-year, adjustable-rate loan with Landesbank Hessen-Thuringen Girozentrale. HFF's Pariser was unable to be reached by press time for further comment.
The four-story, class A property is currently 100% leased to Apple Inc., Hugo Boss Retail Inc., Moschino and Tudor Investment Corp. The anchor tenant, Apple Inc., leases a portion of the ground floor and the entire second and third floors, as well as the rooftop billboard. The building, which was constructed in 1927, has undergone major redevelopment and repositioning since it was acquired by the owners in 2005 including the addition of a 9,000-sf penthouse and a complete renovation of the base building.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
