Holliday Fenoglio Fowler, a commercial real estate capital intermediary, arranged a $16 million financing deal for The Lock Building, a 103,722-sf, three-story office building South Norwalk, CT.
Senior Managing Director Jay B. Marshall and Senior Real Estate Analyst Christine R. Riniti arranged the five-year, adjustable-rate refinancing on behalf of Maritime Place Parcel 6 LLC through Webster Bank.
The Lock Building, located on North Water St., was originally built in the 1850s and most recently was completed renovated between 2000 and 2001, according to Holliday Fenoglio Fowler officials. The property was formerly a factory building but has been converted into office/loft space. The building is currently fully leased and has a tenant roster that includes: Navios Corp., Yachting Magazine and Marketing Drive Worldwide.
"The Lock Building represents a first-class asset in a niche market in the central corridor of Fairfield County. The high-end interior finish and convenient location to the restaurants and shops of South Norwalk are very desirable features to the small- to mid-size tenants that drive today's leasing market," Marshall notes. "Heidi Dewyngaert of Webster Bank was very comfortable with the property's identity in the marketplace, and the expertise of the borrowers, Greenfield Partners and The Spinnaker Companies."
The Westport office of Holliday Fenoglio Fowler also reports it has arranged a $29 million financing deal for the acquisition of Retreat at the Heights, a 394-unit, multifamily community in Aurora, Colo.
Senior Managing Director Marshall and Real Estate Analyst Kristin M. Brozek arranged the three-year, adjustable-rate acquisition financing on behalf of the Laramar Group through Greenwich Capital.
Constructed in 2001, the Retreat at the Heights is comprised of 394 (one, two and three-bedroom) units. Located at the southwest corner of South Ventura St. and East Hampden Ave., just north of Denver Tech Center and Inverness Business Park, the complex is presently 86 percent leased. Common area amenities include a clubhouse with a fitness center, swimming pool and spa, a fully equipped business center and a conference room.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
