HFF arranges $3.6 million refinancing for 300 Post Road West in Westport, CT

 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

HFF arranges $80 million first mortgage financing for historic Puck Building in New York’s SoHo neighborhood

NEW YORK, NY – The New York and New Jersey offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have arranged an $80 million first mortgage financing for the Puck Building (top left photo), a 265,000-square-foot, historic office and retail building in New York’s SoHo neighborhood.

Working on behalf of the borrower, Kushner Companies, HFF senior managing directors Mike Tepedino (middle right photo) and Jose Cruz (middle left photo) and director Steven Klein (lower right photo) 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 Street at the corner of Houston Street 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 Companies 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 square feet of office, industrial and retail space and more than 5,000 apartments.

Contacts:

Michael Tepedino, HFF Senior Managing Director, (212) 245-2425, mtepedino@hfflp.com

 Jose Cruz, HFF Senior Managing Director, (973) 549-2000,  jcruz@hfflp.com

 Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com