Thor Equities Secures $16M Financing for 139 Fifth Avenue in NYC's Flatiron District [Yahoo! Finance]
Northeast Bank (NBN)
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Source: Yahoo! Finance
today that it has closed on $16,000,000 in new financing from Northeast Bank for 139 Fifth Avenue in New York City's iconic Flatiron District. Located just steps from Madison Square Park, 139 Fifth Avenue is a premier mixed-use asset anchored by renowned American retailer, Abercrombie & Fitch. In addition to Abercrombie & Fitch, the property is occupied by a mix of fashion and creative tenants; and is also home to Allegion's showroom, the company behind brands including Schlage and Von Duprin. Situated between 20th and 21st Streets in the heart of the Flatiron District, 139 Fifth Avenue benefits from exceptional foot traffic, multiple transit options, and proximity to many of the neighborhood's leading technology, creative, and lifestyle companies. “Closing this financing proves the strength of the Flatiron District and the quality of this asset,” said Joe Sitt, Chairman of Thor Equities Group. “Flatiron remains one of the most sought-after retail corridors, and we are proud to pa
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