Cushman & Wakefield arranges refinancing for One Harbor Street in the Seaport District
Commercial real estate services firm Cushman & Wakefield said it has arranged a $30 million refinancing of One Harbor Street, a mixed-use complex in Boston’s Seaport District.
Cushman & Wakefield said it advised Cargo Ventures LLC, the Florida company that owns One Harbor Street, on the refinancing.
The property, which totals about 209,000 square feet, is 100 percent leased; companies that are leasing space there include First Trade Union Bank, Geotrans, and Vertex Pharmaceuticals Inc., Cushman & Wakefield said.
The refinancing transaction was led by Jay Wagner, managing director of Cushman & Wakefield equity, debt, and structured finance practice.
“We had significant interest in the financing driven by the tenant’s long term commitments to the property, their financial strength, and the attractive sponsorship,” Wagner said in a statement.Chris Reidy can be reached at firstname.lastname@example.org.