HFF arranges $25 million refinancing for 99 Madison Avenue in Manhattan’s Midtown South office market
NEW YORK, NY – June 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $25 million refinancing for 99 Madison Avenue, a 124,382-square-foot office building in Manhattan.
Working on behalf of the borrower, Windsor Management, HFF placed the 15-year, fixed-rate loan with Voya Investment Management.
99 Madison Avenue is located on the corner of East 29th and Madison Streets in Manhattan’s Midtown South office market. Originally built in 1915, the property features ground floor retail space with offices situated on the floors above. 99 Madison is fully leased to 12 tenants, the largest of which is HAB Bank, who leases all of the retail space and two floors of office space.
The HFF debt placement team representing the borrower was led by managing directors Steven Klein and Jonathan Rosner.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.