 |
| Anthony Cutone |
BOSTON, MA – HFF announced it has secured permanent
financing totaling $240 million for One Channel Center and the Channel
Center Garage, a 501,650-square-foot, newly-built office building and
967-space parking garage in Boston’s Seaport District.
HFF
represented the borrower, a venture between affiliates of Ares Management LLC
and CV Properties LLC. The financing
was structured as a $190 million first mortgage, and a $50 million mezzanine
loan. HFF also arranged the $170
million construction loan for the property in 2012.
One
Channel Center, designed by the architectural firm of Add Inc. in collaboration
with Spalding Tougias Architects, was built with “creative space” in mind,
incorporating “cutting edge design” and space planning to optimize
collaboration, efficiency and productivity.
Completed in June 2014, the 11-story building is leased in its entirety
to State Street Corporation.
 |
| Brett Paulsrud |
One Channel Center and the Channel Center Garage are located
within the larger Channel Center master-plan area, a 2.1 million-square-foot
mixed-use neighborhood combining first class office, luxury residential, and
street front retail and restaurants anchored by a series of landscaped parks
featuring the 1.7-acre Channel Center Park.
The
HFF debt placement team representing the borrower was led by managing director Anthony
Cutone and senior real estate analyst Brett Paulsrud.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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