"It [the $85 million] is really acquisition financing," RiazCassum, senior managing director of Holliday Fenoglio Fowler LP,tells GlobeSt.com. "They bought it in all cash, so this isleveraging the asset."
The 1.4-acre site is located at 70 East India Rd. in downtownBoston, on the waterfront. At the ground level, there is 30,000 sfof retail with is currently full-leased. There has been buildinginterest for this property since 2006,with Chiofaro following it for a number of years, first as part ofa mixed-use facility.
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