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| Two Liberty Square, Downtown Boston, MA |
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| 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”.
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| 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
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