The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $45 million first mortgage loan for a 155,896-square-foot office building in Brookline’s Brookline Village.

HFF senior managing director Fred Wittmann and director Janet Krolman worked on behalf of ND/CR 10 Brookline LLC to place the seven-year loan with People’s United Bank and Sovereign Bank. Loan proceeds were used to retire the existing debt on the property. The loan can be increased to fund the potential expansion of the building to accommodate its existing tenants, according to a statement.

The property at 10 Brookline Place West is 100 percent leased on a long-term basis to Dana-Farber Cancer Institute and The New England Institute of Art.

"HFF was able to secure an attractive loan that repaid the acquisition financing on the property and provided a construction facility for a potential expansion to the building for The New England Institute of Art," said Wittmann.

ND/CR 10 Brookline, LLC is controlled by National Development and Charles River Realty Investors. The group purchased the property in early 2009