Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-A partnership comprised of affiliates of Taconic Investment Partners LLC and ING Clarion Partners has received a $90 million refinancing for its 401 W. 14th St. property. The 62,199-sf retail and office building in located in Manhattan’s Meatpacking District.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.