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| 100 Hancock Street, Quincy, MA |
BOSTON, MA – HFF announced it has secured $25 million in
first mortgage financing for 100 Hancock Street, a 204,750-square-foot,
Class A office building in Quincy, Massachusetts.
Working on behalf of Synergy Investments, HFF placed the long-term,
fixed-rate loan with Peoples United Bank.
Loan proceeds are being used to refinance an existing mortgage that HFF
placed with Peoples United in 2011.
100 Hancock Street is located
along Route 3A approximately one mile from Interstate 93 and about five miles
south of Boston’s Seaport District in Quincy.
 |
| Greg Labine |
Extensively
renovated in 2008, the 10-story office building is certified LEED Silver and features
a full-service cafeteria, fitness center, shared conference facility and
three-level, 329-space parking garage.
Tenants at the 95 percent leased facility include several
State of Massachusetts agencies including the Executive Office of Health and
Human Services, the Department of Transitional Assistance and the Massachusetts
Developmental Disabilities Council.
The
HFF team representing the borrower was led by managing director Greg LaBine
and real estate analyst Patrick McAneny.
“Lenders were attracted to the accessibility of the asset from both
public transportation and highways, the quality of the physical asset, the high
credit caliber of the tenancy and the strength of the sponsorship,” said
LaBine. “Peoples United provided
Synergy with the best combination of long-term interest rate risk mitigation
and prepayment flexibility.”
Synergy Investments is a Boston-based real estate investment and
development firm focused on the acquisition, repositioning and operation of
commercial office buildings.
Its current portfolio encompasses approximately 3
million square feet across 30 properties in metropolitan Boston.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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