Financing for a Madison Ave. Office Deal

  • Posted at 11:13, December 17, 2013
  • By Quidnunc Staff

Pittsburgh-based HFF Inc. announced on Tuesday that it acted as an equity adviser to Ashkenazy Acquisitions Corp. for its purchase of 625 Madison Ave., a 17-story, office and retail building with more than 563,000 square feet between E. 59th & E. 60th St.

HFF’s press release is available on its website HERE

The property is master leased to an affiliate of SL Green Realty Corp.

Ashkenazy is a New York-based private real estate investment firm focusing on retail and office assets. An Oct. 1 New York Post article revealed that Ashkenazy was in contract to buy the property for about $400 million; you can see that article, discussing the deal's specifics, on Ashkenazy’s website HERE.

According to its press release, the HFF advisory team representing Ashkenazy was led by executive managing director John Pelusi and senior managing directors Michael Tepedino and Andrew Scandalios. 

HFF is an NYSE-traded commercial real estate consulting firm with 22 offices nationwide.

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