Seaport District properties get financing

Seaport District properties get financing

The Boston office of Holliday Fenoglio Fowler LP, or HFF said that it has arranged a $29.5 million first mortgage financing for two office properties at 12 Farnsworth Street and 22 Boston Wharf Road as well as the Farnsworth Garage in Boston’s Seaport District.

HFF said it worked exclusively on behalf of Berkeley Investments Inc., the managing partner of a venture that owns the three properties, to secure the five-year, fixed-rate loan through Cigna Investments.

The building at 12 Farnsworth St. is a 57,361-square-foot office property that is 90 percent leased to several office tenants; 22 Boston Wharf Rd. features a 58,132-square-foot, fully leased office property over a 500-space parking garage. The Farnsworth Garage, located at 21 Farnsworth St., has 361 parking spaces, said HFF, a national company that provides commercial real estate and capital markets services.

Globe Staff

Leave a Reply