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New York — Holliday Fenoglio Fowler LP (HFF) has arranged the $44 million refinancing of a fully occupied retail condominium located in Manhattan’s Chelsea neighborhood.
Rob Rizzi and Jennifer Keller of HFF secured the 15-year, fixed-rate non-recourse loan on behalf of Gerald Brauser and Steven Brauser of The Parkland Group. Allianz Real Estate of America Inc. provided financing on behalf of US Allianz insurance companies. The 30,000-square-foot retail condominium is located at the base of a 10-story luxury residential property, and is leased to Chase Bank, Duane Reade and Modell’s Sporting Goods.