BOSTON—Toronto-based Oxford Properties Group has secured a $150- million first mortgage loan on its recently acquired 125 Summer St. office building here.
The financing deal was announced by HFF, which placed the loan on the 475,303-square-foot Class A office tower in Boston's Financial District.
HFF worked on behalf Oxford Properties Group to secure the fixed-rate loan through Guggenheim Commercial Real Estate Finance, LLC. Oxford acquired the property as part of a larger office portfolio in September of this year.
The 22-story 125 Summer St. office building is leased to a wide range of tenants including Burns & Levinson, Sunstein Kann Murphy, and Gartner. Amenities.
The HFF debt placement team representing Oxford was led by senior managing director Riaz Cassum, executive managing director John Fowler and real estate analyst Patrick McAneny.
“125 Summer is an institutional quality asset that is poised to benefit from its location in the Financial District, an area of the city that has seen an influx of more than 3,000 residents and is currently undergoing a transformation into a 24/7 neighborhood,” says HFF's Cassum.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
