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HFF Secures $111M Refinancing for Office Tower at Boston Landing
HFF secured a $111.5 million loan to refinance 80 Guest Street, a 245,720-square-foot office tower at the Boston Landing development in Boston’s Brighton neighborhood.
Designed by architecture firm Elkus Manfredi, 80 Guest Street was the second asset to deliver in Boston Landing in September of 2016. The tower is home to New Balance’s world headquarters, and features eight floors of high-ceiling, office and lab space averaging an open 28,000-square-foot floor plate above 15,000 square feet of retail space. The property is fully-leased to four office tenants and three ground-floor restaurant tenants, including New Balance, Bose, the Boston Bruins, Roche and Proteostasis.
John Fowler, Riaz Cassum, Sam Campbell and Henry Schaffer of HFF secured the financing on behalf of the borrower, NB Development Group, to secure the fixed-rate loan through MetLife Investment Management. Jim Halliday of NB Development Group and Kevin Doyle of New Balance led the borrower team in the transaction.
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- ◦Financing
