June 29, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $32.1 million refinancing for a fully-leased retail condominium located at 200 West End Avenue in Manhattan’s Upper West Side neighborhood.
Working on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, HFF placed the 15-year, fixed-rate loan through MetLife.
The retail condominium totals approximately 25,446 square feet and is leased to four tenants – CVS Pharmacy, Bin 70, Apple Seeds and Beverly Hills Dry Cleaners. The property’s location on the southeast corner of West End Avenue and West 70th Street on the Upper West Side provides significant frontage, exposure and visibility along the Avenue.
The HFF debt placement team representing the borrower was led by managing director Rob Rizzi and director Jennifer Keller.
“The 200 West End Avenue retail condo is strategically positioned in a densely populated neighborhood with significant demand for essential products and services,” said Keller. “This long term financing was locked in a historically low interest rate environment and is an ideal match for the property’s strong stable cash flow and limited rollover.”
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