NEW YORK CITY—An affiliate of Westbrook Partners has acquired an equity stake in the storied Belnord luxury condominium project on the Upper West Side.
HFZ Capital, the owner of the Belnord that is currently being redeveloped from a rental to luxury condominium property announced the partnership deal with New York City-based Westbrook Partners. No financial terms of the transaction were reported. Adam Spies and Doug Harmon of Cushman & Wakefield were advisors on the transaction.
HFZ Capital acquired the 14-story, 226-unit property in 2015 from Extell Development for $555 million. The circa 1908 building, which occupies an entire block between 86th and 87th streets, also includes 25,000 square feet of retail space.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
