Monday, October 6, 2008

HFF arranges $5.85M financing for 600 Technology Center Drive in Stoughton, MA

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $5.85 million in financing for 600 Technology Center Drive, a 55,397-square-foot, Class A office building in Stoughton, Massachusetts.

Working on behalf of H.N. Gorin, Inc., HFF senior managing director Bob Herron (middle left photo) and director Greg LaBine, top right photo) placed the fixed-rate loan with Unum Group for the acquisition of the property.

Completed in 2000, 600 Technology Center Drive is a three-story office building that is fully leased to The Shaw Group. H.N. Gorin, Inc. also owns the adjacent office property, 100 Technology Center Drive, which serves as The Shaw Group’s headquarters.

The properties create a “mini-campus” for the tenant and share a cafeteria as well as fiber optic connectivity. Situated on a five-acre site, 600 Technology Drive is located close to the entrance of Technology Center Drive at the intersection of Routes 139 and 24 in Stoughton.

Founded in 1990, H.N. Gorin, Inc. is a Boston-based real estate investment and development company involved in the acquisition, development, management and ownership of commercial, multifamily residential, industrial and retail real estate.

Unum Group is one of the leading providers of employee benefits products and services and the largest provider of group and individual disability income protection insurance in the United States and United Kingdom.
CONTACTS:
Robert M. Herron, HFF Senior Managing Director, 617 338 0990, rherron@hfflp.com
Gregory F. LaBine, HFF Director, 617 338 0990, glabine@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

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