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| Summer Street Offices, Seaport District, Boston, MA |
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| Frederic Wittmann |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $63 million in financing
for 320 and 333 Summer Street, two office properties totaling 217,000 square
feet in Boston’s Seaport District.
Working on behalf of the
borrower, ASB Real Estate Investments, HFF placed the 10-year, 3.65 percent,
fixed-rate loan with The Hartford Financial Services Group, Inc. The buildings are owned by ASB’s Allegiance
Fund, a $6.8 billion, open-end core investment vehicle, in joint venture with
Lincoln Property Company.
320 and 330 Summer Street
are positioned directly across from each other along Summer Street just across
the Fort Point Channel from South Station and Boston’s Financial District. The properties feature loft-style office
space that is 97 percent leased to LogMeln, a PC data systems management firm,
which is merging into a subsidiary of Citrix.
The HFF debt placement
team representing the borrower was led by senior managing director Frederic Wittmann and director Brett Paulsrud.
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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