Cadranell of HFF arranges $66.25 million construction loan for Pearl Properties

Holliday Fenoglio Fowler, LP (HFF) has arranged a $66.25 million construction loan for The Granary, a mid-rise multi-housing development in Center City (located the Logan Sq. neighborhood.) HFF worked exclusively on behalf of the borrower, Pearl Properties, to secure the three-year construction loan through Wells Fargo Bank. Upon completion in 2013, The Granary will have 227 one and two-bedroom apartment homes averaging 842 s/f each, 20,654 s/f of ground level retail space and underground parking. The HFF team representing Pearl Properties was led by managing director Jim Cadranell. "It was a pleasure to represent Pearl Properties on this assignment to help create a first class property in one of the hottest apartment markets in the country," said Cadranell. Pearl Properties is a leading Philadelphia-based owner/developer of apartments, retail and mixed-use properties.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

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