The property, at 252 Seventh Ave., was renovated in 1998 into351 condominium units, which have since been sold. Rockroseretained the 80,967-sf of retail space, split into five commercialunits, and now 100% leased to Whole Foods Market and ImperialParking. Whole Foods has expanded the store, its first inManhattan, since first moving in, setting up a 5,000-sf Whole Bodystore in a retail vacancy in the building. Whole Foods' lease is upat the end of 2015.

Wes Boatwright, Lisa Bozzelli and Brandon Flickinger of JLL'sREIB coordinated the effort.

"This was a unique deal," Boatwright tells GlobeSt.com."Financing a condominium has certain challenges. Unlike afee-simple deal, you have shared operating expenses. Normally,renters wouldn't have had issues with it, but it's a testament tothe strength of the owner. And the fact that you have Whole Foodsin there."

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