Search
 

Fortis Gains $775M for State Street Acquisition

BOSTON-The new owner of the State Street Financial Center, Fortis Property Group, will get $775 million in financing to fund the $889-million acquisition of the one-million-sf trophy asset.

By Beverly Ford | Updated on January 04, 2007

(To read more on the debt and equity markets, click here.)

BOSTON- Fortis Property Group will receive $775 million in financing to help fund the $889 million acquisition of the State Street Financial Center. Carlton Advisory Services of New York arranged the financing for the one-million-sf, fully occupied trophy asset that the New York-based Fortis closed on earlier this week.

The financing for the One Lincoln St. property was arranged through two investment institutions, Wachovia and Dillon Reade, both of which two had bid separately on the financing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.