Holliday Fenoglio Fowler arranges $77M refinance for Chelsea Market.Holliday Fenoglio Fowler, L.P., working in a co-brokerage with Pembroke Realty, has arranged a $77 million loan to refinance Manhattan's famed Chelsea Market Chelsea Market is an enclosed, urban food court and shopping mall built within the former Nabisco factory complex where the Oreo cookie was invented and produced. The 22-building complex fills two entire blocks bounded by 9th and 11th Avenues and 15th to 16th Street. . The three-year, adjustable-rate financing was arranged on behalf of affiliates of Angelo Gordon & Co., Belvedere Capital, Scoggin Capital and the family of developer Irwin Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. through Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Securities Inc. The Chelsea Market comprises approximately one million square feet within a full city square block. The ground level is a one-stop marketplace featuring a wide array of gourmet cafes and food wholesalers, and will soon include television production studios for the Food Network. The upper floors include an assortment of new media and office tenants, featuring the headquarter head·quar·ter v. head·quar·tered, head·quar·ter·ing, head·quar·ters Usage Problem v.tr. To provide with headquarters: studios for New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Media, along with production offices for Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. . The transaction culminates a year in which the Manhattan office of Holliday Fenoglio Fowler has secured in excess of $350 million in mortgage financing in the Chelsea district of Manhattan. "This is the third transaction that we have arranged in Chelsea in the past 12 months," said Evan Pariser of Holliday Fenoglio Fowler. "The latest funding we have arranged for the Chelsea Market is a direct result of the tremendous work, effort and talents of the ownership and management team, coupled with the assistance of an extremely strong real estate market in Manhattan, and specifically in Chelsea." In January 1999, Holliday Fenoglio Fowler and Pembroke Realty arranged $50 million in acquisition financing on behalf of the group led by Angelo Gordon and Belvedere Capital for the purchase of Chelsea Market and the adjacent office building located at 85 Tenth Avenue. In a July 1999 transaction, Holliday Fenoglio Fowler arranged the $225 million first mortgage loan to refinance the 2.6 million square-foot office building located at 111 Eighth Avenue. |
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