Rendering of 263 W. 34th St.
NEW YORK CITY—Churchill Real Estate Holdings has refinanced its office property at 263 W. 34th St. that's located between Seventh and Eighth avenues. The lender Marathon Asset Management is providing a $52 million floating-rate loan for the new construction. The property has 26,678 square feet of office space, and 16,000 square feet of retail including 8,000 square feet on the ground floor with 80 feet of frontage along 34th Street. The building also features flexible office floor plates of 5,336 square feet. Construction is expected to be completed this month.
Newmark Knight Frank's Dustin Stolly and Jordan Roeschlaub, Daniel Fromm and Nick Scribani represented the building owner in the financing negotiations.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
