Churchill Real Estate Holdings has secured a $52 million loan from Marathon Asset Management to refinance its nearly complete boutique building at 263 West 34th Street. The office and retail building spans 27,000 SF, and includes 16,000 SF of retail space (8,000 on the ground floor).
- Financing details: The new loan retires $35 million in previous construction debt provided by New Pembrook Capital Management in June 2018. At the time, Cornell Realty Management transferred the site’s deed to Churchill although there was no listed acquisition price, according to CO.
- Location: The six-story development sits between 7th and 8th Avenues, one block away from Madison Square Garden. It boasts 80 feet of frontage along 34th Street.