116 Huntington Ave., Boston

Broadway Real Estate Fund III L.P. has secured $95 million in refinancing for its 264,000-square-foot, Class A office building at 116 Huntington Ave. in Boston’s Back Bay.

Houston-based Holliday Fenoglio Fowler LP (HFF), a commercial real estate services firm, said it secured the adjustable rate owner for the property’s owners through RBC Real Estate Capital Partners, a unit of RBC Capital Markets. The loan proceeds were used to refinance the maturing first mortgage and mezzanine loans.

Completed in 1991, 116 Huntington Ave. is located between the Copley Place Marriott and the Colonnade Hotel, directly across from the Prudential Center. The 15-story property features a 120-space parking garage and ground floor retail, and is currently 99 percent leased to tenants, including GE Healthcare, American Tower, Constellation New Energy and Brigham & Women’s Hospital.

Senior managing director Riaz Cassum and director Porter Terry led the HFF team representing Broadway Real Estate Fund III.  

116 Huntington Ave. Building Refinanced

by Banker & Tradesman time to read: 1 min
0