Boston Office Asset Lands $208M in Financing
The 10-year loan was made to an affiliate of Rockpoint Group LLC., which purchased the asset in January 2017 from CBRE Global Investors for $370 million.
By IvyLee Rosario
100 High St.
New York Life Real Estate Investors arranged $208 million in financing of 100 High Street in Boston. The 10-year loan was made to an affiliate of Rockpoint Group LLC.
The 546,300-square-foot Class A office asset was originally built in 1988 and features 28 floors. The building offers common area Wi-Fi and 270 parking spaces. The transit-oriented property is LEED Silver certified and was completely renovated in 2009 and 2015. The first floor also includes a 6,500-square-foot retail component. Rockpoint purchased the asset in January 2017 from CBRE Global Investors for $370 million, according to Yardi Matrix.
“100 High Street is a modern Class A office building located at the heart of Boston’s Financial District. The property offers its tenants a broad array of amenities, as well as an excellent location within easy walking distance to numerous Boston attractions and transportation options,” said Eric Becher, senior director of New York Life Real Estate Investor’s New York Regional Office, in prepared remarks.
Image courtesy of Yardi Matrix
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