HFF named to market for sale 313 and 330 Congress Street in Boston

(Above, Four Point Channel neighborhood, Boston)

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) has been named by the seller to market 313 and 330 Congress Street, (middle right map) two office buildings totaling 106,028 square feet in Boston’s Fort Point Channel neighborhood.

The HFF investment sales team will be led by director Coleman Benedict (top right photo) and senior managing director Todd Stressenger (top left photo) who are exclusively representing the Brickman.

The properties are listed for sale without a formal asking price and include attractive, in-place financing.

313 and 330 Congress Street are six-story, brick and beam office buildings with 70,217 square feet and 35,811 square feet respectively. They were originally built in the 1890s and have been renovated, modernized and professionally maintained.

The buildings are currently 98.1% leased to tenants including National Mentor Holdings, Neoscape and Commercial Construction.

Located across the street from each another, the properties are situated between the emerging South Boston Waterfront District and the Boston’s Financial District with easy access to Interstate 93, Interstate 90 (Massachusetts Turnpike) and Logan Airport.

“313 and 330 Congress are located in the heart of downtown Boston and together feature a well diversified rent roll that provides a level of stability, downside protection and upside potential not found in most assets today,” said Benedict.

“Given the discount to replacement cost and the strong, in-place cash flow, the offering will be well received by a wide range of investors.”

Brickman, headquartered in New York, is a real estate owner-operator and investment company. Brickman purchased the Congress Street properties through its Brickman Real Estate Fund II, which invests in core real estate assets throughout the U.S.

CONTACTS:

Coleman J. Benedict, HFF Director, 617 338 0990, cbenedict@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com