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HFF Arranges $12.5M Refinancing For Boston Building

Oct 28, 2010 | Reprints | Unlock Link | Print

The Boston office of Holliday Fenoglio Fowler L.P. (HFF) has arranged a $12.5 million refinancing for 66 Long Wharf in Boston’s Financial District.

HFF senior managing director Bob Herron and senior real estate analyst Carlos Febres-Mazzei worked on behalf of the borrower, ELV Assoc. Inc., to secure the fixed-rate loan through Peoples United Bank for the 77,655-square-foot office and retail property, according to a statement.

The property is 97.5 percent leased, of which 73 percent of the space is under long-term leases, according to a statement. Tenants include the Chart House restaurant and engineering/construction company AECOM.

"The property’s office occupancy has ensured strong cash flow for many years and shows no signs of abating," said Herron.

Commercial & Industrial