Holliday Fenoglio Fowler's senior managing director Riaz Cassum and senior real estate analyst Greg LaBine secured a five-year, fixed-rate loan through Cigna Investments Inc.

Built in 1985, Marketplace Center consists of 16 floors of office space totaling 310,084 sf, an attached two-story retail space totaling 53,553 sf and a 120-space underground parking structure. The property is 97% occupied and among its office tenants are Grubb & Ellis Co., Wellington Management Co., the Parthenon Group and Parthenon Capital. Among its retail tenants are Gap Kids, Banana Republic, Bath & Body Works, Ann Taylor Loft, the Body Shop, Brookstone, Gap, Seattle's Best Coffee, American Eagle Outfitters, Clark's of England/Bostonian and Gap Body. The property is adjacent to a Metropolitan Boston Transit Authority subway stop, Route 93 and Faneuil Hall Marketplace, a complex with retail stores, restaurants and a food court.

Cassum notes that Marketplace Center has performed "extremely well over the years" due to its prime location and the quality of both its office and retail tenants. The removal of the former Central Artery, as part of the Big Dig, the massive highway project in the center of the city that is nearly completed, and the resulting open space that will emerge adjacent to the property will "only further enhance 200 State St.'s attractiveness," says Cassum. Based on the property's historical performance, the quality of the real estate, its location and sponsorship, Cigna was able to creatively structure around the current market conditions and leasing risk at the asset level."