{"id":1004131113,"date":"2015-11-10T06:10:56","date_gmt":"2015-11-10T14:10:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004131113"},"modified":"2020-05-18T16:04:10","modified_gmt":"2020-05-19T00:04:10","slug":"big-apple-store-secures-89m-re-fi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/big-apple-store-secures-89m-re-fi\/","title":{"rendered":"Big Apple Store Secures $89M Re-Fi"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"401<\/a>

401 West 14th Street<\/p><\/div>\n

A prime retail and office asset in Manhattan\u2019s Meatpacking District has recently reached another milestone.<\/p>\n

Working on behalf of Taconic Investment Partners LLC<\/a>, HFF<\/a> secured an $89 million refinancing loan for 401 W. 14th<\/sup> St., a mixed-use building anchored by a flagship Apple<\/a> Store in New York City. HFF placed the 15-year, interest-only, fixed-rate loan with MetLife Inc.<\/p>\n

Located at the intersection of Ninth Avenue and 14th<\/sup> Street, right at the “gateway” to the Meatpacking District, the 60,000-square-foot building was acquired by Taconic back in December 2005 and was fully redeveloped two years later. Currently 100 percent leased, the building is home to tenants such as Apple Inc., which occupies 45,000 square feet of retail and office space, Hugo Boss, The Kooples, and Raptor Capital Management.<\/p>\n

The mixed-use property sits within a designated historic district, in close proximity to a plethora of dining, shopping and entertainment attractions, including the High Line, the new Whitney Museum, and the Chelsea Market. 401 W. 14th<\/sup> St. is also just two blocks from Google\u2019s East Coast headquarters at 111 Eighth Avenue.<\/p>\n

Photo courtesy of Taconic Investment Partners <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A mixed-use building in the Meatpacking District that is home to a flagship Apple Store has secured $89 million in refinancing with the help of HFF.<\/p>\n","protected":false},"author":192,"featured_media":1004131114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21752,1600,21742],"tags":[],"class_list":["post-1004131113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-mixed-use","category-new-york","category-latest"],"acf":[],"yoast_head":"\nBig Apple Store Secures $89M Re-Fi - 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\/big-apple-store-secures-89m-re-fi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Apple Store Secures $89M Re-Fi\" \/>\n<meta property=\"og:description\" content=\"A mixed-use building in the Meatpacking District that is home to a flagship Apple Store has secured $89 million in refinancing with the help of HFF.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/big-apple-store-secures-89m-re-fi\/\" \/>\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=\"2015-11-10T14:10:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T00:04:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Capture3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1337\" \/>\n\t<meta property=\"og:image:height\" content=\"487\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/big-apple-store-secures-89m-re-fi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/big-apple-store-secures-89m-re-fi\/\",\"name\":\"Big Apple Store Secures $89M Re-Fi - 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