$33.5M refinance of Back Bay apartments in Boston arranged by HFF

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) has secured a $33.5 million refinancing for St. Germain Apartments (top right photo), a 207-unit brownstone apartment complex in Boston’s Back Bay neighborhood.

Working exclusively on behalf of The Abbey Group, HFF senior managing director Bob Herron (bottom right photo) and director Greg LaBine (top left photo) placed a fixed-rate loan with Landesbank Hessen-Thuringen Girozentrale (Helaba).

The Abbey Group is a prominent Boston developer that has completed dozens of major projects, and currently owns Landmark Center and Lafayette Corporate Center, among others.

Originally built in 1900 and renovated in 1998, St. Germain Apartments has 48 brownstone buildings with studio, one- and two-bedroom units averaging 705 square feet each. The property offers 12 designated parking spaces at a surface lot at the corner of Dalton Street and St. Germain Street.

Comprising one full city block in Boston’s Back Bay, St. Germain Apartments is convenient to Newbury Street, Fenway Park, Hynes Convention Center, the Prudential Shops and numerous MBTA subway and bus stops.

“This is the second financing HFF has arranged for The Abbey Group with Helaba,” said Herron. “In 2006, a construction loan was arranged for the development of 45 Province Street, a luxury condominium development under construction in Boston’s Downtown Crossing. This made the process seamless as lender and borrower had prior experience working together.”

CONTACTS:

Robert M. Herron, HFF Senior Managing Director, 617 338 0990, rherron@hfflp.com

Gregory F. LaBine, HFF Director, 617 338 0990, glabine@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, lmcdowell@hfflp.com