HFF arranges $12.5 million refinancing for 66 Long Wharf in Boston

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $12.5 million refinancing for 66 Long Wharf, (top left photo) a 77,655-square-foot office and retail property along the waterfront in Boston’s Financial District. 

 HFF senior managing director Bob Herron (middle right photo) and senior real estate analyst Carlos Febres-Mazzei  worked on behalf of the borrower, ELV Associates, Inc., to secure the fixed-rate loan through Peoples United Bank. 

66 Long Wharf is among the most historic and unique properties along Boston’s waterfront.   

The property is 97.5% leased, of which 73% of the space is under long-term leases.

 Tenants include the Chart House restaurant, which has operated at the property since 1973, and engineering/construction giant AECOM (NYSE: ACM).

Located along Long Wharf in the Financial District, the property is in close proximity to the “State Street” MBTA subway station and is within walking distance to the North End, Faneuil Hall (lower left photo) and Beacon Hill.

“The property’s office occupancy has ensured strong cash flow for many years and shows no signs of abating,” said Herron.

ELV Associates was established in 1990 and has since completed the acquisition and development of more than four million square feet of commercial property in Boston, Washington, DC and Atlanta, representing nearly $500 million in market value.

Contacts:

Robert M. Herron,  HFF Senior Managing Director  (617) 338-0990, rherron@hfflp.com

 Kristen M. Murphy, HFF Associate Director, Marketing,  (713) 852-3500, krmurphy@hfflp.com