This Article Was Submitted By a TalkBX Reader.
If You Would Like an Article Posted on TalkBX You Can Send The Article To
TalkBox AT TalkBX.Com or VIA Our Contact Page
Hunts Point Building The Point of Sale For JV
A joint venture between Taconic Investment Partners LLC and Denham Wolf Real Estate Services, Inc. acquired the American Bank Note Building in the Hunts Point section of the Bronx in New York City for approximately $32 million.
Holliday Fenoglio Fowler’s Evan Pariser, a managing director in the firm’s New York office, arranged financing from i-Star Financial and the New York City Investment Fund.
The Blauner family, who owned the building since the American Bank Note Company left in 1985, was the seller.
The new owners, which also include a fund managed by DLJ Capital Partners, Inc., plan to redevelop the property as an office center for arts organizations, design firms and nonprofit and community groups. There will be space for retail as well.
(1 votes, average: 5 out of 5)
Loading ...
Email This Post