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HFF recently announced it had arranged for $230 million in financing to acquire the Landmark Center in Boston.
A fixed-rate loan for the property was obtained for investors through the New York Life Insurance Company and New York State Teachers Retirement System.
The 950,000-square-foot, Class A mixed-use complex is located near the Fenway and Longwood Medical areas in Boston and is approximately 98 percent signed.
It contains a mix of retail and office tenants, ranging from Harvard Medical School and Blue Cross Blue Shield of Massachusetts to Best Buy, Staples, Bed Bath & Beyond and a 13-screen movie theater.
It's also located next to Fenway Triangle Trilogy, a mixed residential and retail complex being redeveloped by investors, which will provide additional stores and restaurants.
HFF added that the complex also has room to grow. It may be possible to add another 337,000 square feet of space if the area above the complex's parking garage was developed. That addition could push the total area of the complex to 1.29 million square feet.
