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HFF Closes Sale of and Secures $150 Million Pre-Development Financing for Acquisition of 520 Fifth Avenue in Manhattan

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NEW YORK--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and secured $150 million in financing for the acquisition of 520 Fifth Avenue, a premier development site located at the southeast corner of 43rd Street and Fifth Avenue in Manhattan. A joint venture between Ceruzzi Holdings (Ceruzzi) and Shanghai Municipal Investment USA (SMI USA) purchased the property. The 12-month loan, which was led by J.P. Morgan with mezzanine financing provided

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