90 million refinancing arranged by HFF for retail and office building in Manhattan’s Meatpacking District

The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $90 million refinancing for 401 West 14th Street, a 62,199-square-foot retail and office building in Manhattan’s Meatpacking District.

Working exclusively on behalf of the owner, a partnership comprised of affiliates of Taconic Investment Partners, LLC and ING Clarion Partners, HFF managing director Evan Pariser and senior real estate analyst Todd Newman placed the five-year, adjustable-rate loan with Landesbank Hessen-Thuringen Girozentrale (Helaba).

Originally constructed in 1927, 401 West 14th Street has undergone major redevelopment and repositioning since it was acquired by the owners in 2005 including the addition of a 9,000-square-foot penthouse and a complete renovation of the base building. The four-story, Class A property is currently 100% leased to Apple Inc., Hugo Boss Retail Inc., Moschino and Tudor Investment Corporation. The anchor tenant, Apple, Inc., leases a portion of the ground floor and the entire second and third floors, as well as the rooftop billboard.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.