Senior managing directors Fred Wittmann and Todd Stressenger andsenior real estate analyst Greg LaBine of the local office ofHolliday Fenoglio Fowler, LP arranged the financings. The financingstructure of the joint venture included a forward equity takeoutcommitment from JP Morgan Investment Management on behalf of itsclients for the entire project and a forward sale commitment fromHarvard University for a condominium interest. The transaction wasnegotiated by Justin Krebs, a senior acquisition officer at JPMorgan Investment Management.

HFF arranged an $85-million floating-rate construction loanthrough Keybank and Anglo Irish Bank for Trilogy, in addition to a$113-million, fixed-rate construction/permanent loan through Cignaand Babson Capital Management. "HFF worked successfully with fivedifferent sources to arrange the financing of Trilogy," saysStressenger. "A deal of this magnitude is virtually unheard of inthe Boston market."

Due for completion in 2006, the project is located at in thetriangle between Brookline Avenue and Boylston Street, adjacent tothe Longwood Medical Area. The property is near the MassachusettsTurnpike and Route 93, and is close to the Fenway stop on the MBTAGreen Line. The two-acre site plans call for 43,000 sf of retailspace, 405 residential units, 170 housing units for HarvardUniversity and 500 parking spaces. Proposed residential unit mixincludes studio, one-, two- and three-bedroom units averaging 908sf.