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| 625 Mount Auburn Street Office Building, Cambridge, MA |
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| Brett Paulsrud |
BOSTON, MA – September 6,
2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the acquisition financing
for 625 Mount Auburn Street, a 137,421-square-foot, three-story, Class A office
building in Cambridge, Massachusetts.
The HFF team worked on
behalf of the borrower, The Davis Companies, to secure the $32.6 million,
fixed-rate loan through BBVA Compass Bank.
Loan proceeds were used to acquire the property, in a sale arranged by
HFF.
625 Mount Auburn Street is
situated in the West Cambridge submarket of Cambridge, conveniently located
next to an MBTA bus line providing direct service to and from Harvard Square
and the MBTA Red Line station.
The 3.03-acre
site is also proximate to Route 2 and the Massachusetts Turnpike (Interstate
90), providing vehicular access to the suburban executive communities of
Wellesley, Weston and Newton, among others.
The 98.5-percent-leased property is anchored by Charles River Analytics,
Mount Auburn Hospital and several other technology tenants. Renovated in 2001, 625 Mount Auburn Street
features a two-story atrium, fitness center, café area and free on-site
parking.
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| Connor Allen |
The HFF debt placement
team representing the borrower included senior director Brett Paulsrud and analyst Connor
Allen.
“HFF was able to work
closely with The Davis Companies’ team to secure a loan that met all their
objectives for the asset,” said Paulsrud.
“The property is a great addition to The Davis Companies’ portfolio and
I look forward to watching them execute the business plan they have in
place. It is always a pleasure to work
with such a best-in-class organization.”
For more information on this 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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