NEW YORK, NY – The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $3.6 million refinancing for a 20,000-square-foot office building in Westport, Connecticut that is completely leased to the Wealth Management Group of UBS.
HFF senior managing director Al Epstein (top right photo) worked exclusively on behalf of the borrower, 300PRW LLC, to secure the seven-year, fixed-rate loan with Amalgamated Bank.
“The lender saw this loan as an investment in a very attractive, Class A suburban office property with a good leasing history located within an established and desirable market,” said Epstein.
“In today’s economic scene, lenders seek out good sponsors, stable rent flows, and the ability to provide reasonable, not excessive loan underwriting. This property had it all.”
The property is located at 300 Post Road West, across from Birchwood Country Club (middle left photo) with easy access to both Interstate 95 and the Merritt Parkway.
300 Post Road West has been fully leased since its completion in 2000 for the wealth management business, which originally operated here under the Paine Webber banner. The two-story property includes an underground parking garage. Contacts:
Alvin J. Epstein, HFF Senior Managing Director. (212) 245-2425, aepstein@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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