Thursday, September 30, 2010

HFF closes loan sale on behalf of Mutual Life of New York

NEW YORK, NY – The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of a $35 million mezzanine loan on behalf of Mutual Life Insurance Company of New York (MONY), a wholly-owned subsidiary of AXA Equitable Life Insurance Company.

The mezzanine loan is secured by an ownership interest in 280 Park Avenue (top left photo), a 1.2-million-square-foot, Class A office building in Midtown Manhattan.

  The property is 96% leased to tenants including General Electric Capital Corporation, Credit Suisse, Deutsche Bank and the National Football League. 

(Mutual Life Insurance Co. tower, lower right photo)

“Comprising the entire western blockfront of Park Avenue between 48th and 49th Streets, the building occupies a central location in one of the premier office submarkets in Midtown Manhattan,” said Wilcox. 

Whitney H. Wilcox, HFF Senior Managing Director, (212) 245-2425,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

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