Tepedino, Cruz and Klein of Holliday Fenoglio Fowler, L.P. place $80 million on behalf of Kushner Cos. for 265,000 s/f

According to the New York and New Jersey offices of Holliday Fenoglio Fowler, L.P. (HFF) they have arranged an $80 million first mortgage financing for the Puck Building, a 265,000 s/f office and retail building in the SoHo neighborhood. Working on behalf of the borrower, Kushner Cos., HFF senior managing directors Mike Tepedino and Jose Cruz and director Steven Klein placed the adjustable-rate loan on the property. Originally constructed in 1885, the Puck Building is listed on the National Register of Historic Places and is a New York City historic landmark. The property was the historic headquarters of Puck Magazine, America's first political satire magazine, and today its tenants include New York University, REI (ground-floor retail) and Swanke Hayden Connell Architects. The property is situated at 293-309 Lafayette St. at the corner of Houston St. across from several subway lines in SoHo. "The Puck Building is one of the most recognizable buildings in all of Manhattan and has a great location in SoHo, one of the most high-profile retail locations in New York City," said Tepedino. Kushner Cos. is a family-owned developer, owner and asset management real estate firm involved in the ownership and management of a commercial and residential portfolio consisting of nearly eight million s/f of office, industrial and retail space and more than 5,000 apartments.