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| 1249 and 1255 Boylston St., Boston, MA |
BOSTON, MA – HFF announced today that it has secured $27
million in financing for 1249 and 1255 Boylston Street, a two-building
office and retail portfolio totaling 70,330 square feet in Boston’s Fenway
neighborhood.
Working exclusively on behalf of Samuels & Associates to refinance
the existing debt, HFF placed the fixed-rate loan with Boston Private Bank
& Trust Company.
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| Greg LaBine |
1249 and 1255 Boylston Street are
located one block from Fenway Park and the Yawkey Station MBTA
stop in Boston’s Fenway neighborhood.
Originally built in the 1920’s, both properties were renovated in 1990
and are fully leased. 1249 Boylston
Street is a 37,495-square-foot building leased to CVS and Partners
Healthcare. 1255 Boylston Street is a
32,835-square-foot building occupied by Guitar Center and Nextel.
The
HFF team representing Samuels & Associates was led by director Greg LaBine,
along with director Porter Terry and senior real estate analyst Robyn
King.
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| Robyn King |
“One
of many successes that Samuels & Associates has had in the Fenway
neighborhood, these assets have a great combination of strong tenancy and
superior urban infill location,” said LaBine.
“As such, this financing was attractive to banks, CMBS lenders and life
insurance companies. Boston Private
provided the best alternative for the deal and moved quickly to an efficient
closing.”
Samuels & Associates boasts twenty years of development,
leasing and management experience and continues in 2012 to chart new waters
with remarkable projects in urban and suburban communities.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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