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| Riaz A. Cassum |
BOSTON, MA – HFF announced it has placed a $150 million
first mortgage loan on 125 Summer Street, a 475,303-square-foot, Class A
office tower in Boston’s Financial District.
HFF
worked on behalf of the borrower, Oxford Properties Group, to secure the
fixed-rate loan through Guggenheim Commercial Real Estate Finance, LLC. Oxford acquired the property as part of a
larger office portfolio in September of this year.
125
Summer Street is located along the Rose Kennedy Greenway one block from South
Station in the heart of Boston’s Financial District.
The transit-oriented property has easy access to the MBTA and
commuter rail lines via South Station and is adjacent to the on-ramps for both
Interstate 93 and 90.
In addition, the
22-story property is a short walk from the shops, restaurants and residential
base in Downtown Crossing, Government Center, Faneuil Hall and the Seaport
District.
 |
| John Fowler |
125 Summer Street is leased to a wide range of tenants
including Burns & Levinson, Sunstein Kann Murphy, and Gartner. Amenities at the Class A tower include
below-grade parking for 273 vehicles, a Bright Horizons daycare and a
Starbucks.
The HFF debt placement team
representing the borrower was led by senior managing director Riaz Cassum, executive
managing director John Fowler and real estate analyst Patrick McAneny.
“125
Summer is an institutional quality asset that is poised to benefit from its
location in the Financial District, an area of the city that has seen an influx
of more than 3,000 residents and is currently undergoing a transformation into
a 24/7 neighborhood,” said Cassum.
Established in 1960, Oxford Properties Group is a global
real estate investor, developer and manager, with distinguished portfolios in
the office, retail, industrial, multi-family and hotel sectors. Headquartered in Toronto with offices in
Canada, New York, London, Boston and Washington, D.C., Oxford currently owns
and manages a global real estate portfolio value at approximately C$27 billion.
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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
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