Saturday, October 3, 2015

HFF arranges sale and financing for Two Liberty Square in Boston, MA



Two Liberty Square, Downtown Boston, MA


Lauren O'Neil
BOSTON, MA –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged the sale of and acquisition financing for Two Liberty Square, a 67,609-square-foot office building in Boston, Massachusetts. 

The seller, CenterSquare Investment Management, on behalf of one of its institutional clients, sold the asset to an affiliate of The Winhall Companies.  Additionally, working on behalf of the new owner, HFF secured the 10-year, fixed-rate loan through SunLife.   

Originally constructed in 1913, the 11-story, Beaux Arts-style, boutique office building is located in downtown Boston steps from Post Office Square.  

The property is 82 percent occupied by tenants including Zipcar on the ground floor in addition to Humana, Arthur J. Gallagher, Copyright Clearance Center and Brill.

The HFF investment sales team representing the seller was led by senior managing director Coleman Benedict and director Ben Sayles

The HFF debt placement team was led by director Lauren O’Neil.

“The sale of Two Liberty Square is a win-win for both the buyer and seller,” Sayles said.  “CenterSquare was able to take advantage of today’s strong market, while Winhall was able to take advantage of historically low interest rates and acquire an asset that will perform exceptionally well in the years to come”. 


Ben Sayles
According to HFF, Boston has emerged as a favorite investment market among today’s most active capital sources.  Due to the surging tenant demand from traditional users and the influx of TAMI tenants – those engaged in technology, advertising, media and information – market conditions are getting tighter by the day. 

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
 

No comments:

Post a Comment