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HFF Arranges $85M Loan For TripAdvisor’s New Needham Headquarters

Jan 24, 2014 | Reprints | Print

A rendering of Center 128. HFF has arranged an $85 million construction loan for TripAdvisor’s new corporate headquarters in Needham.

HFF worked on behalf of the borrower, a joint venture of Normandy Real Estate Partners and Greenfield Partners, to secure the floating-rate loan. The lender group was led by RBS Citizens and also included People’s United Bank.

Due for completion in 2015, TripAdvisor’s six-story, 280,000-square-foot headquarters will consist of a custom-built, LEED Certified Gold office building with an employee cafeteria, fitness center and meeting areas, along with an 1,100-space parking garage. The property is situated on 4.7 acres along First Avenue in the larger Center 128 mixed-use development.

Commercial & Industrial