Holliday Fenoglio Fowler LP has secured $25 million to refinance an existing mortgage at 100 Hancock St. in Quincy.
The 204,750-square-foot class A office building is 95 percent leased to tenants including the state Executive Office of Health and Human Services, the Department of Transitional Assistance and the Massachusetts Developmental Disabilities Council.
Working on behalf of Boston-based Synergy Investments, HFF placed the long-term, fixed-rate loan with Peoples United Bank. Proceeds are being used to refinance an existing mortgage that HFF placed with Peoples United in 2011.
The HFF team representing the borrower was led by managing director Greg LaBine and real estate analyst Patrick McAneny.
"Lenders were attracted to the accessibility of the asset from both public transportation and highways, the quality of the physical asset, the high credit caliber of the tenancy and the strength of the sponsorship," LaBine said in a statement. "Peoples United provided Synergy with the best combination of long-term interest rate risk mitigation and prepayment flexibility."
