{"id":1004124170,"date":"2015-07-28T10:37:41","date_gmt":"2015-07-28T18:37:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356298"},"modified":"2020-05-11T02:08:50","modified_gmt":"2020-05-11T10:08:50","slug":"retail-condo-in-manhattan-scores-refinancing-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/retail-condo-in-manhattan-scores-refinancing-loan\/","title":{"rendered":"Retail Condo in Manhattan Scores Refinancing Loan"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

The Parkland Group landed a $44 million refinancing loan for a retail condominium between West 17th and 18th Streets in Manhattan\u2019s Chelsea neighborhood.<\/p>\n

\"611<\/a><\/p>\n

611 Avenue of the Americas – Manhattan<\/p>\n<\/div>\n

HFF<\/a> announced it worked on behalf of the borrower\u2019s Gerald Brauser and Steven Brauser to secure the 15-year, fixed-rate, non-recourse loan which was provided by Allianz Real Estate of America<\/a>, Inc. on behalf of the US Allianz insurance companies. HFF managing director Rob Rizzi and director Jennifer Keller led the debt placement team representing the borrower.<\/p>\n

Located at the base of 611 Avenue of the Americas, a 10-story luxury residential building completed by The Parkland Group in 2008, the 30,216-square-foot retail condominium is currently fully leased to three tenants: Chase Bank, Duane Reade and Modell\u2019s Sporting Goods. According to HFF, the building also houses 41 luxury apartments and three additional retail spaces that were not included in the financing deal.<\/p>\n

\u201cThe property\u2019s location along a prime retail corridor and its stable long-term tenancy made the financing very attractive to lenders,\u201d HFF Director Jennifer Keller said.<\/p>\n

Image courtesy of HFF<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Parkland Group landed a $44 million refinancing loan for a retail condominium between West 17th and 18th Streets in Manhattan’s Chelsea neighborhood.<\/p>\n","protected":false},"author":258,"featured_media":1004505848,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004124170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"\nRetail Condo in Manhattan Scores Refinancing Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/retail-condo-in-manhattan-scores-refinancing-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Condo in Manhattan Scores Refinancing Loan\" \/>\n<meta property=\"og:description\" content=\"The Parkland Group landed a $44 million refinancing loan for a retail condominium between West 17th and 18th Streets in Manhattan’s Chelsea neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/retail-condo-in-manhattan-scores-refinancing-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-28T18:37:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T10:08:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/611-Sixth-Avenue-email.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Retail Condo in Manhattan Scores Refinancing Loan\",\"datePublished\":\"2015-07-28T18:37:41+00:00\",\"dateModified\":\"2020-05-11T10:08:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/\"},\"wordCount\":190,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/611-Sixth-Avenue-email.jpg\",\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/retail-condo-in-manhattan-scores-refinancing-loan\\\/\",\"name\":\"Retail Condo in Manhattan Scores Refinancing Loan - 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