BOSTON – Holliday Fenoglio Fowler announces that it has closed the sale and financing of The Williams Street Portfolio, a newly renovated, three-building brownstone portfolio in the Lower Roxbury submarket of Boston. Terms of financial transactions were not disclosed.
HFF exclusively represented the seller and procured the buyer. Additionally, HFF worked on behalf of the buyer to secure the 10-year, fixed-rate acquisition loan through a Boston-area local bank.
The Williams Street portfolio is located at 34, 38 and 40 Williams Street just east of Northeastern University in Lower Roxbury, the rapidly expanding extension of Boston’s South End neighborhood.
The properties are within walking distance to the Orange Line and Commuter Rail stations and are easily accessible to Interstate 93, which provides access to the Greater Boston area. Additionally, the properties are ideally located proximate to some of the city’s largest employment, education and entertainment hubs, including the Longwood Medical Area, the South End and Fenway Park.
The HFF investment advisory team representing the seller was led by directors Adam Dunn and Michael Restivo.
HFF’s debt placement team was led by director Patrick Keefe.