News:
Finance
Posted: October 10, 2007
HFF arranges $31.5 million financing for the Dunkin' Brands 175,000 s/f headquarters
The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged $31.5 million in financing for the Dunkin' Brands headquarters.
HFF senior managing director Bob Herron and director Greg LaBine worked exclusively on behalf of the borrower, H.N. Gorin, Inc. to secure a fixed-rate loan through Allstate Investments, LLC. The loan will be serviced by HFF and proceeds are being used to acquire the property. H.N. Gorin is a Boston-based real estate investment and development company.
Completed in 2002, the Dunkin' Brands headquarters has 175,000 s/f of class A office space that is fully leased to Dunkin' Brands, which includes the Dunkin' Donuts and Baskin Robbins brands. The property is located at 130 Royall St. right off Rte. 128 at the I- 93/95 interchange, 10 miles southwest of Boston.
"Despite the current market volatility, Allstate Investments held to all the terms and conditions that were negotiated at the beginning of the process," said LaBine.
Tags:
Finance
MORE FROM Finance
Eastern Bank donates $2 million to Lynn Public Schools
Lynn, MA The city of Lynn’s purchase of the former Eastern Bank headquarters at 195 Market St. is paying dividends in more ways than one. In issuing an RFP in the spring of 2024, the city was seeking to acquire multi-purpose space,
Quick Hits
.png)
Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
It’s a confusing real estate world: Don’t you think? - by Daniel Calano
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
Real estate without good estate planning - a troublesome problem - by Daniel Calano
I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.