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 Fenway." 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. ### CONTACTS: GREGORY F. LABINE HFF Director (617) 338-0990 firstname.lastname@example.org KRISTEN M. MURPHY HFF Associate Director, Marketing (617) 338-0990 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 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 the information contained therein. Source: HFF, Inc. via Thomson Reuters ONE HUG#1712000
HFF, Inc. : HFF arranges $191 million construction financing for mixed-use project in Boston's Fenway Triangle neighborhood
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