BOSTON, MA - HFF announced today that it has arranged a $355 million construction loan for the development of a new headquarters campus for Vertex Pharmaceuticals at Boston’s Fan Pier (top left photo).
The HFF team of executive managing director John Fowler (bottom left photo), managing director Anthony Cutone, and senior real estate analyst Carlos Febres-Mazzei worked on behalf of The Fallon Company LLC and its investors to secure the construction loan.
The Fan Pier development, a 21-acre site spanning nine city blocks along the downtown Boston waterfront, directly on the edge of Boston Harbor, offers three million combined square feet of residential, commercial, hotel and retail space with unobstructed views of the waterfront and Boston skyline, as well as unprecedented access to all means of transportation.The Vertex Headquarters facility will be a LEED-certified property featuring two 16-story office towers incorporating 1.1 million square feet of office and biomedical research space and 60,000 square feet of ground level retail above a 725-space parking garage.
The project broke ground in late June, with completion slated for December 2013.
The Fallon Company LLC (www.falloncompany.com) is one of Boston’s premier real estate investment and development companies. Founded in 1993, The Fallon Company LLC has been involved in a portfolio of notable projects that continue to define the Boston Skyline.
In addition to Fan Pier, Fallon has been an owner and developer of several other projects on the waterfront including The Westin Boston Waterfront Hotel, Park Lane Seaport Apartments and the Renaissance Boston Waterfront Hotel.
Contacts:
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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