HARTFORD, CT – The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) has secured a $35 million refinancing for One Financial Plaza, (centered photo below) a 621,305-square-foot Class A office building plus an adjoining eight-story, 1,100-space parking garage in Hartford, Connecticut.HFF senior managing director Dana Brome (top right photo) and managing director Gerry Yates worked exclusively on behalf of the borrower, Talcott Realty Investors, LLC in arranging the three-year, adjustable-rate loan through People’s United Bank.
Talcott Realty Investors, an opportunistic real estate investment firm headquartered at One Financial Plaza, has a geographically diversified portfolio of approximately 3.6 million rentable square feet of Class A office buildings across the US.
One Financial Plaza, also known as “The Gold Building” is currently 99% leased to 28 tenants including United Technologies Corporation, Travelers, Conning, Reid & Riege and People’s Bank. The 26-story property is located at 755 Main Street in Hartford’s central business district directly west of Adriaen’s Landing.
“People’s United Bank’s involvement is a reflection of how local and regional banks area aggressively filling the capital void left behind by the lack of appetite from life insurance companies and CMBS providers,” said Yates.HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. http://www.hfflp.com/.
CONTACTS:
Dana E. Brome, Senior Managing Director, (860) 275-6199, dbrome@hfflp.com
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