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HFF Arranges $35M Refinancing For Waltham Buildings

Mar 29, 2011 | Reprints | Unlock Link | Print

Reservoir Woods East Campus in Waltham Holliday Fenoglio Fowler (HFF) has arranged a $35 million refinancing for 50 and 60 Sylvan Road, two office/R&D buildings totaling 200,928 square feet in Waltham.

HFF worked exclusively on behalf of the borrower, an entity controlled by Davis Marcus Partners and Prudential Real Estate Investors, to secure the fixed-rate loan through PNC Bank. Loan proceeds were used to replace a maturing loan, according to a statement.

The HFF team representing the borrower was led by senior managing director Riaz Cassum and director Greg LaBine.

"The combination of credit quality, prime location and strong sponsorship made this an attractive loan opportunity for PNC Bank," said Cassum. "The borrower was pleased with the professional execution on the part of PNC Bank."

Commercial & Industrial