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| Boston Harbor Garage, 70 East India Road, Downtown Boston, MA |
BOSTON, MA – HFF announced today that it has arranged $90
million in financing for the Boston Harbor Garage, a 1,380-space parking
garage with 30,000 square feet of street-level retail.
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| Riaz A. Cassum |
HFF worked on behalf of the borrower, a joint venture
between The Chiofaro Company and Prudential Real Estate Investors, to secure
the five-year, fixed-rate loan through Hartford Investment Management
Company.
The Boston Harbor Garage is located at 70 East India Road in
downtown Boston, adjacent to the New England Aquarium and along the Rose
Kennedy Greenway across from Faneuil Hall.
The HFF team representing the borrower was led by senior
managing director Riaz Cassum, director Porter Terry and real
estate analyst Samantha Bendetson.
“This property has consistently performed extremely well
throughout the years and remains one of the highest-income producing garages in
the city. The asset’s unbeatable
location near many of Boston’s most popular attractions and its central
business district coupled with Boston’s strong market help to assure that it
will continue to be a dependable source of revenue for the borrower,” commented
Cassum.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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