HFF arranges $13.7M financing for 147 Milk Street in Boston’s Financial District

BOSTON, MA – The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) have arranged $13.7 million in financing for 147 Milk Street, (top right photo) a 52,337-square-foot medical office building in Boston’s Financial District. (bottom right photo)

Working exclusively on behalf of the borrower, an affiliate of Lexington Realty Trust, HFF senior managing director Todd Armstrong (top left photo) and director Janet Krolman (middle right photo) placed the fixed-rate loan with Delaware Investments.

The first mortgage financing will also be serviced by HFF. Lexington Realty Trust is a self-managed and self-administered real estate investment trust that invests in, owns and manages a geographically diverse portfolio of single-tenant net leased office, industrial and retail properties.

147 Milk Street is located on the corner of Batterymarch and Milk Streets close to the red, blue and orange MBTA subway station lines in Boston’s Financial District.

Originally built in 1910 and renovated in 1984 for medical office use, the 10-story property is fully leased to Harvard Vanguard Medical Associates, Inc.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.

HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/.

CONTACTS:

Todd G. Armstrong, HFF Senior Managing Director, 214 265 0880, tarmstrong@hffflp.com

Janet N. Krolman, HFF Director, 617 338 0990, jkrolman@hfflp.com

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