$402M in Financing for Stonehenge, Foreign Investors

NEW YORK CITY-Stonehenge Partners and two Montreal-based investors have received $402 million in financing for nine properties in New York City. Meridian Capital Group negotiated the financing on behalf of Stonehenge, Ivanhoe Cambridge Residential and Public Sector Pension Investment Board.

Meridian managing director Abe Hirsch and CEO Ralph Herzka negotiated the transaction. The properties include 1,400 multifamily units, 85,000 square feet of office space, 181,000 square feet of retail space and 94,000 square feet of parking, according to a press release announcing the deal. They are spread through prime areas, such as Midtown East, Midtown West, the Upper East Side, the Upper West Side and the West Village.