33 Arch Street, Boston, MA
Placement of a $195 million fixed rate permanent loan on a new, 600,000 square foot trophy multi-tenant office building.
This noteworthy and highly successful transaction involved the placement of a $195 million fixed rate permanent loan on a newly completed, 600,000 square foot trophy multi-tenant office building in the heart of the Boston CBD.
Defying the challenges of a 100% vacant building in the face of the weakest Boston CBD market in memory, Savills, representing a joint venture among Congress Ventures, the Value Enhancement Fund and National Electric Benefit Fund, placed this loan with a major European life company at a remarkably low spread over Treasuries.
