The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $26 million refinancing for Landmark Square, a 132-unit, Class A multi-housing property in Boston’s Back Bay/Fenway area.
HFF senior managing director Bob Herron, director Greg LaBine and senior real estate analyst Porter Terry worked on behalf of the borrower, The Abbey Group, to secure the fixed-rate loan through Prudential Mortgage Capital Co. Loan proceeds are refinancing a maturing loan.
Landmark Square, located at 75 Peterborough St., was completed in 2000. The 7-story property has one-, two- and three-bedroom units averaging 984 square feet each. Landmark Square is 96 percent leased and includes an 89-space underground parking garage.
"Landmark Square was a very attractive transaction to bring to market given its high-quality sponsorship, Class A product, and location on an upscale street within close proximity to several of the city’s most prestigious educational institutions and cultural hubs," said Herron.