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BOSTON-Replacing a $13.3-million financing package on theproperty obtained in 2002, the owners of a fully occupied,76,350-sf, class A office and retail building here have secured a$12.5-million refinancing loan. The 80% leveraged financing has afive-year term and 30-year amortization schedule.
Janet Krolman, director of Holliday Fenoglio Fowler's Bostonoffice tells GlobeSt.com that the fixed-rate refinancing packagefor 176 Federal St. was secured for the owner, 176 Holdings LLC ,through LaSalle Bank National Association. The nine-story buildinglocated near Boston's South Station transportation hub and nearRoute 93 and the Massachusetts Turnpike, was built in 1901 andrenovated in 1986. It was sold to 176 Holdings LLC in the early1990s.
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