The New York office of Holliday Fenoglio Fowler, L.P. (HFF) secured financing and joint venture equity totaling $55.2 million for 240 West 35th St., an 18-story office building in the Garment Center.
HFF director Steven Klein and senior managing director Mike Tepedino worked on behalf of Hidrock Realty, Inc. to arrange the $41.2 million, senior secured financing through HSH Nordbank. ?Affiliates of Meritage Properties provided $14 million in joint venture equity. ?Proceeds are being used to acquire, renovate and reposition the property.
Originally built in 1924, 240 West 35th St. has 162,044 s/f that is fully leased to 37 tenants. Tags: