HFF, a provider of commercial real estate services, said that it has arranged construction financing for Twenty Two Liberty, a 14-story, luxury residential tower at Boston’s Fan Pier.
In a press release, HFF said it worked on behalf of the borrower, a venture between the Fallon Company and Massachusetts Mutual Life Insurance Company (MassMutual), as advised by Cornerstone Real Estate Advisers, to secure the construction loan through Wells Fargo Bank.
The Twenty Two Liberty residences will be situated on the most seaward parcel of the Fan Pier mixed-use development, offering 270-degree vistas of Boston’s cityscape on one side and the Boston Harbor on the other. Due for completion in late 2015, the property will also include 15,025 square feet of ground-floor retail and a 282-space, below-grade parking structure.
The HFF team representing the borrower was led by executive managing director John Fowler, managing director Anthony Cutone and real estate analyst Toby Banta. The Wells Fargo team was led by Shelly Gouin.