News: Front Section
Posted: November 16, 2018
HFF completes $15m sale and $9m financing for a 92,700 s/f data center
Andover, MA Holliday Fenoglio Fowler, L.P. (HFF) completed the $15 million sale and $9 million financing of 15 Shattuck Rd., a 92,700 s/f data center located in one of Boston’s primary technology- and healthcare-oriented suburbs. At the time of sale, the asset was 100% leased to Tierpoint, a leading national provider of information technology and data center services, including colocation, cloud computing, disaster recovery and managed IT services.
The HFF team arranged the sale of the property on behalf of Carter Validus Mission Critical REIT I and procured the buyer, Menlo Equities. Additionally, HFF arranged the financing through Berkshire Bank.
The HFF investment advisory team representing the seller included Coleman Benedict, Ben Sayles and Kerry Hawkins.
HFF’s Jennifer Keller represented Menlo Equities in the arrangement of acquisition financing. The Berkshire Bank team included Doug MacLean and Christine Flaherty.
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