HFF secures $89 million to refinance 401 West 14th Street on behalf of Taconic

Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has secured an $89 million refinancing for 401 West 14^th St., a mixed-use retail and office building anchored by Apple Inc. and located at the intersection of Ninth Ave. and 14^th St. at the entry to New York’s Meatpacking District. HFF worked on behalf of the sponsor, Taconic Investment Partners LLC, to place the 15-year, interest-only, fixed-rate loan with MetLife.  The transaction closed on October 29^th. 401 West 14^th St. is 100% leased and anchored by a flagship Apple Store, which features a three-story, curved glass internal staircase.  The four-story building is also home to retailers Hugo Boss and The Kooples as well as offices for Apple and Raptor Capital Management. Fully redeveloped in 2007, the building features all new systems, windows and a restored historic façade.  The building’s penthouse contains three terraces and floor-to-ceiling windows that offer views of the Meatpacking District, a 20-block, 24-hour Manhattan destination with upscale offices and trendy restaurants, nightlife, retail, hotels and cultural attractions including the High Line and the new Whitney Museum.  401 West 14th Street is two blocks from the Chelsea Market and from Google’s East Coast headquarters at 111 Eighth Avenue and sits at the nexus of Chelsea and the West Village.