Manhattan, NY CBRE Capital Markets’ debt & structured finance team has arranged $40 million in financing for the acquisition of 445 Fifth Ave., a 19,000 s/f, class A retail condo at 39^th St. CBRE worked on behalf of Harbor Group International to secure the acquisition loan. The financing was facilitated by Shawn Rosenthal, executive vice president, and Jason Gaccione, senior vice president, of CBRE’s Midtown Manhattan office. “The property is in the world renowned Fifth Ave. retail shopping district, across the street from Bryant Park and the New York Public Library,” said Richard Litton, Jr., president of Harbor Group International. “The property was recently renovated and leased to all three tenants on long-term leases, making the property a stable investment that is also capable of creating meaningful value for our investors as rents increase over time in the submarket.” Rosenthal said, “The financing markets fully embraced the strong sponsorship group, the high quality Fifth Ave. retail asset and this dynamic location to deliver a compelling loan to the buyers.” The property is 100% leased to three tenants and is anchored by Charming Charlie’s flagship store – one of the tenant’s first stores in New York City. Charming Charlie has over 350 stores around the world and has expanded globally to Canada, the Middle East and the Philippines. CBRE, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is one of the world’s largest commercial real estate services and investment firms (in terms of 2014 revenue). The company has 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.