Holliday Fenoglio Fowler (HFF) has arranged $230 million in acquisition financing for the purchase of the 950,000-square-foot Landmark Center in Boston’s Fenway neighborhood.

HFF secured a fixed-rate loan through New York Life Insurance Co. and New York State Teachers Retirement System, on behalf of institutional investors advised by J.P. Morgan Asset Management and Samuels and Assoc., according to a statement.

Currently, the property is 98 percent leased, with a blend of credit retail and office tenants. Major office tenants include Blue Cross Blue Shield of Massachusetts, Harvard School of Public Health and Harvard Medical School. The retail units are occupied by Bed Bath & Beyond, Best Buy, REI, Staples and a 13-screen movie theatre. The property has the potential for an additional development of 337,000 square feet over the parking garage.

The HFF team representing the borrowers was led by senior managing directors Bob Herron and Whitney Wilcox and director Greg LaBine.

HFF Puts Together $230M In Acquisition Funding For Landmark Center

by Banker & Tradesman time to read: 1 min
0