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BOSTON-Replacing a $13.3-million financing package on the property 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 a five-year term and 30-year amortization schedule.

Janet Krolman, director of Holliday Fenoglio Fowler’s Boston office tells GlobeSt.com that the fixed-rate refinancing package for 176 Federal St. was secured for the owner, 176 Holdings LLC , through LaSalle Bank National Association. The nine-story building located near Boston’s South Station transportation hub and near Route 93 and the Massachusetts Turnpike, was built in 1901 and renovated in 1986. It was sold to 176 Holdings LLC in the early 1990s.

“It’s one of Boston’s jewel box buildings,” says Krolman. “It’s not a fancy building but it has a high level of finish. It’s absolutely beautiful inside.” The fully leased property has eight stories of office space with 6,646 sf of ground floor retail and counts among its tenants the law firm of Rich May Corp., Boston AREO Property Management, Peets Coffee & Tea and Winston’s Flowers. Fred Wittmann, senior managing director with HFF, assisted Krolman.

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