Boston — HFF has arranged $265 million in first mortgage and mezzanine financing for Church Park, a mixed-use development located in the Back Bay neighborhood of Boston.
The development features 508 luxury residential units and 74,000 square feet of retail space anchored by Whole Foods Market. The retail portion of the development is 97 percent leased to tenants including CVS/pharmacy, Economy Hardware and Sovereign Bank.
The residential portion of the development offers studio, one- and two-bedroom apartments with amenities including 24-hour security, concierge services, a fitness center and a rooftop deck and terrace.
Frederic Wittmann and Greg LaBine of HFF worked on behalf of The United Company Apartments LLC to secure the $200 million, long-term, fixed-rate loan through a national insurance company. A $65 million co-terminous mezzanine loan was also arranged by HFF through JP Morgan Asset Management (JPMAM).