{"id":1004209615,"date":"2018-03-08T08:26:30","date_gmt":"2018-03-08T16:26:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209615"},"modified":"2021-05-15T00:55:07","modified_gmt":"2021-05-15T08:55:07","slug":"hff-secures-32m-financing-for-nyc-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/","title":{"rendered":"HFF Secures $32M Financing for NYC Industrial Asset"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004209622\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004209622\" data-attachment-id=\"1004209622\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/130-24-s-conduit-ave-2-craft-architects\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Rendering of 130-120 S. Conduit Ave., New York City\" data-image-description=\"&lt;p&gt;Rendering of 130-120 S. Conduit Ave., New York City&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of 130-120 S. Conduit Ave., New York City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png?w=1000\" loading=\"lazy\" class=\"wp-image-1004209622 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\" alt=\"Rendering of 130-120 S. Conduit Ave., New York City\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209622\" class=\"wp-caption-text\">Rendering of 130-120 S. Conduit Ave., New York City<\/p><\/div>\n<p>Triangle Equities has received a $32.1 million loan for the land acquisition and development of an industrial asset within South Ozone Park in Queens. The main lender, Citizens Bank, provided a $19 million floating-rate loan. L&amp;B Realty Advisors provided $10.1 million joint venture capital, while the developer funded the remaining amount.<\/p>\n<p>The property will be erected on a 119,000-square-foot land parcel that currently serves as a parking lot. Upon completion, it will offer 300,000 square feet of space, as well as first- and second-floor loading and clear heights ranging from 23 to 26 feet. Ideally located at 130-120 S. Conduit Ave., just one mile from John F. Kennedy International Airport, it will provide easy access to the Port of New York and New Jersey, the third largest port in the U.S.<\/p>\n<p>An HFF team comprising\u00a0Senior Managing Director Andrew Scandalios, Managing Directors Rob Hinckley and Rob Rizzi and Associate Tyler Peck arranged the equity financing. The company\u2019s Senior Director Geoff Goldstein arranged the debt placement. In a recent deal, HFF has\u00a0brokered an acquisition financing for an <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-orlando-industrial-center\/\">industrial center in Orlando<\/a>, Fla.<\/p>\n<p>\u201c<em>The property is strategically positioned to capture the insatiable demand for modern, \u2018last-mile\u2019 distribution space located in highly populated urban areas,<\/em>\u201d Hinckley said in a prepared statement.<\/p>\n<p><em>Image courtesy of\u00a0Triangle Equities<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upon completion, the John F. Kennedy International Airport-area property will bring 300,000 square feet to Queens, offering easy access to the Port of New York and New Jersey.<\/p>\n","protected":false},"author":241,"featured_media":1004209622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1600,21742,10],"tags":[33925,32792,37531,39272],"class_list":["post-1004209615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-citizens-bank","tag-hff","tag-lb-realty-advisors","tag-triangle-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HFF Secures $32M Financing for NYC Industrial Asset - 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\/hff-secures-32m-financing-for-nyc-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Secures $32M Financing for NYC Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Upon completion, the John F. Kennedy International Airport-area property will bring 300,000 square feet to Queens, offering easy access to the Port of New York and New Jersey.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/\" \/>\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=\"2018-03-08T16:26:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T08:55:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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\/hff-secures-32m-financing-for-nyc-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/\",\"name\":\"HFF Secures $32M Financing for NYC Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\",\"datePublished\":\"2018-03-08T16:26:30+00:00\",\"dateModified\":\"2021-05-15T08:55:07+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png\",\"width\":1000,\"height\":750,\"caption\":\"Rendering of 130-120 S. Conduit Ave., New York City\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HFF Secures $32M Financing for NYC Industrial Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HFF Secures $32M Financing for NYC Industrial Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/","og_locale":"en_US","og_type":"article","og_title":"HFF Secures $32M Financing for NYC Industrial Asset","og_description":"Upon completion, the John F. Kennedy International Airport-area property will bring 300,000 square feet to Queens, offering easy access to the Port of New York and New Jersey.","og_url":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-03-08T16:26:30+00:00","article_modified_time":"2021-05-15T08:55:07+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/","name":"HFF Secures $32M Financing for NYC Industrial Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png","datePublished":"2018-03-08T16:26:30+00:00","dateModified":"2021-05-15T08:55:07+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png","width":1000,"height":750,"caption":"Rendering of 130-120 S. Conduit Ave., New York City"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hff-secures-32m-financing-for-nyc-industrial-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"HFF Secures $32M Financing for NYC Industrial Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"","url":"https:\/\/www.commercialsearch.com\/news\/author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/130-24-S.-Conduit-Ave-2-Craft-Architects.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004209615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/241"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004209615"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004209615\/revisions"}],"predecessor-version":[{"id":1004532553,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004209615\/revisions\/1004532553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004209622"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004209615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004209615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004209615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}