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Posted: July 25, 2011
Wilcox and Tepedino of HFF rep borrower in $372 million refinancing of 1285 Avenue of Americas; Loan placed with Metlife Real Estate Investments; Owners: AXA and institutional investors
Holliday Fenoglio Fowler (HFF) has arranged a $372 million refinancing for 1285 Avenue of the Americas, a 1.65 million s/f, 42-story office tower. The building is jointly owned by AXA Equitable Life Insurance Co. and institutional investors advised by J.P. Morgan Asset Management.
HFF placed the 10-year fixed-rate loan with MetLife Real Estate Investments. The HFF team representing the borrower included senior managing directors Whitney Wilcox and Mike Tepedino.
The building is located in the western expansion of Rockefeller Center. 1285 Avenue of the Americas has been owned and operated to the highest institutional standards since it was developed in 1960 as The Equitable Life Assurance Society of the United States headquarters. One of the largest office buildings in the state to achieve LEED Silver certification, 1285 Avenue of the Americas is 99.9% leased and anchored by three major institutional tenants: UBS, law firm Paul Weiss, Rifkind, Wharton & Garrison LLP and BBDO, a worldwide advertising agency.
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