Newmark Knight Frank has arranged a $52 million floating-rate loan for the refinancing of 263 West 34th Street.
A Newmark Knight Frank team of Vice Chairmen and Co-Heads of Debt & Structured Finance Dustin Stolly and Jordan Roeschlaub, Senior Managing Director Daniel Fromm and Managing Director Nick Scribani represented the owner, Churchill Real Estate Holdings. The loan was provided by Marathon Asset Management.
263 West 34th Street will be a brand-new boutique office building featuring 26,678 square feet of office space, and 16,000 square feet of retail with 80 feet of prime frontage along 34th Street.
The property’s 8,000 square feet of ground floor retail space is prominently situated along the 34th Street retail corridor. Construction is anticipated to complete this month.