HFF Announces $83M for Development Site in NYC

Holliday Fenoglio Fowler L.P. (HFF) announced the $83 million sale and acquisition financing of 12-18 West 55th Street, an 8,000-sq.-ft. development site located adjacent to the University Club and Peninsula Hotel in Manhattan's Plaza District. The HFF team marketed the property on behalf of the seller, a partnership between Barings and Lincoln Property Company, and procured the buyer, Skyline Developers, the New York affiliate of Garden Homes Development….

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