Thursday, August 30, 2012

HFF facilitates $59 million ground lease of 177 Huntington Ave. in Boston

BOSTON, MA – HFF announced today that it has finalized the long-term ground lease of 177 Huntington Avenue on the Christian Science Plaza (top left photo) in Boston. 

HFF exclusively represented The First Church of Christ, Scientist, and the Trustees of Church Realty Trust and procured the ground lessee – an affiliate of Beacon Capital Partners, LLC (

177 Huntington Avenue is an iconic 26-story, 198,825-square-foot office tower located in the heart of Boston’s Back Bay neighborhood.

 This modernist landmarked structure was designed by “internationally renowned” architects I. M. Pei & Partners and Araldo A. Cossutta, Associated Architects.  The building was completed in 1972 to house the Church’s administration departments and is connected to a 550-space underground parking garage.  The Church occupied the building until 2008, when it moved its worldwide headquarters into the renovated Christian Science Publishing House Building, also on the Plaza.

The HFF team representing the lessor was led by managing director Coleman Benedict and director Ben Sayles along with executive managing director John Fowler, senior managing director Riaz Cassum and senior real estate analyst Mark Campbell. 

For a complete copy of the company’s news release, please contact:
COLEMAN BENEDICT                                 
HFF Managing Director                                      
 (617) 338-0990                                                    
HFF Associate Director, Marketing
(713) 852-3500

North American Properties Begins Construction on ParkCentral Luxury rental community on Centennial Park in Nashville, TN

ATLANTA, GA (Aug.29, 2012) — North American Properties (NAP) announced today that it is beginning construction at ParkCentral, an eight-story, 200-unit luxury rental community on Nashville’s Centennial Park.

ParkCentral residents will be within walking distance of all the shopping, dining and entertainment in Nashville’s West End. 

Located two blocks from Vanderbilt University (lower left photo), one block from Centennial Hospital and less than a half-mile from Baptist Hospital, ParkCentral is the only luxury residential community located directly on Centennial Park. Known as Nashville’s premier urban park, Centennial Park is 132 acres — larger than Boston Commons and nearly as large as Atlanta’s Piedmont Park.

“ParkCentral residents will have the ultimate playground right in their front yard,” said Richard Munger (top right photo), partner and vice president of development for NAP. “In a single day one could walk home from work, exercise on the park’s running trails, attend one of the many seasonal festivals or concerts at the park, walk to dinner and attend a sporting event at Vanderbilt.”

For a complete copy of the company’s news release, please contact:

Elizabeth Hagin
O: 404-965-5023
C: 678-642-4301

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