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| The Van Ness, 1325 Boylston St., Fenway Triangle Neighborhood, Boston, MA |
BOSTON, MA – HFF announced today that it has arranged
construction financing for The Van Ness, a 762,000-square-foot mixed-use
project located in Boston’s Fenway Triangle neighborhood.
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| Greg LaBine |
HFF worked on behalf of the borrower, a joint venture
between Samuels & Associates and institutional clients advised by J.P.
Morgan Asset Management, to secure the long-term, fixed-rate financing through
Northwestern Mutual.
The Van Ness is located at 1325 Boylston Street
within walking distance of the Longwood Medical Area near Kenmore Square,
Boston’s Back Bay neighborhood and the Town of Brookline.
The project will
include 172 residential units situated above a three-story, 169,000-square-foot
Target department store. The property
will also include 31,000 square feet of ground-floor retail, an 11-story,
233,000-square-foot, Class A office tower and 506 parking spaces.
The HFF team representing the borrower was led by director Greg
LaBine.
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| Kenmore Square, Boston, MA |
“With The Van Ness, Samuels will continue their vision for
the Fenway neighborhood to be a premier live/work/play destination in Boston,”
said LaBine.
“The combination of
high-quality residences, first-class office space and superior shopping
anchored by Target make this a welcome addition to Fenway.”
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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