The 10-story, 159,173-square-foot class A building is 95% leased by multiple tenants and was completed in 1990. The loan will go towards refinancing the existing first mortgage on the building, which was undisclosed.
"Unum was able to provide a 15-year, fixed-rate financing at a competitive rate, which fit both the building profile and HN Gorin's strategy for the asset," says Greg Labine, director of HFF. The "strategy," he tells GlobeSt.com, is for HN Gorin to have a long-term hold on the property.
Labine and Robert Herron of HFF exclusively prepped HN Gorin.
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