HFF, Inc. : HFF arranges $191 million construction financing for mixed-use
project in Boston's Fenway Triangle neighborhood
BOSTON, MA, June 25, 2013 - HFF announced today that it has arranged
construction financing for The Van Ness, a 762,000-square-foot mixed-use
project located in Boston's Fenway Triangle neighborhood.
HFF worked on behalf of the borrower, a joint venture between Samuels &
Associates and institutional clients advised by J.P. Morgan Asset Management,
to secure the long-term, fixed-rate financing through Northwestern Mutual.
The Van Ness is located at 1325 Boylston Street within walking distance of the
Longwood Medical Area near Kenmore Square, Boston's Back Bay neighborhood and
the Town of Brookline. The project will include 172 residential units
situated above a three-story, 169,000-square-foot Target department store.
The property will also include 31,000 square feet of ground-floor retail, an
11-story, 233,000-square-foot, Class A office tower and 506 parking spaces.
The HFF team representing the borrower was led by director Greg LaBine.
"With The Van Ness, Samuels will continue their vision for the Fenway
neighborhood to be a premier live/work/play destination in Boston," said
LaBine. "The combination of high-quality residences, first-class office space
and superior shopping anchored by Target make this a welcome addition to
Boston-based Samuels & Associates is a commercial real estate firm focused on
retail and mixed-use projects. For more than 27 years, the firm has extensive
experience as an owner, developer and manager of multiple product types.
Throughout the last 10 years, Samuels has successfully developed 776 new Class
A multi-housing units, 90,000 square feet of office/medical space and more
than 50,000 square feet of new retail space in the Fenway Triangle.
J.P. Morgan Asset Management - Global Real Assets has approximately $66.7
billion in assets under management and more than 400 professionals in the
U.S., Europe and Asia, as of March 31, 2013. With a 40-plus-year history of
successful investing, J.P. Morgan Asset Management - Global Real Assets'
broad capabilities provide many of the world's most sophisticated investors
with a global platform of real estate, infrastructure, maritime/transport and
energy strategies driven by local investment talent with disciplined
investment processes consistently implemented across asset types and regions.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned
by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a
leading provider of commercial real estate and capital markets services to the
U.S. commercial real estate industry. HFF together with its affiliate HFFS
offer clients a fully integrated national capital markets platform including
debt placement, investment sales, equity placement, advisory services, loan
sales and commercial loan servicing. For more information please visit
www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
GREGORY F. LABINE
KRISTEN M. MURPHY
HFF Associate Director, Marketing
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: HFF, Inc. via Thomson Reuters ONE
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