HFF arranges $31.5 million financing for the Dunkin' Brands 175,000 s/f headquarters
The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged $31.5 million in financing for the Dunkin' Brands headquarters.
HFF senior managing director Bob Herron and director Greg LaBine worked exclusively on behalf of the borrower, H.N. Gorin, Inc. to secure a fixed-rate loan through Allstate Investments, LLC. The loan will be serviced by HFF and proceeds are being used to acquire the property. H.N. Gorin is a Boston-based real estate investment and development company.
Completed in 2002, the Dunkin' Brands headquarters has 175,000 s/f of class A office space that is fully leased to Dunkin' Brands, which includes the Dunkin' Donuts and Baskin Robbins brands. The property is located at 130 Royall St. right off Rte. 128 at the I- 93/95 interchange, 10 miles southwest of Boston.
"Despite the current market volatility, Allstate Investments held to all the terms and conditions that were negotiated at the beginning of the process," said LaBine.
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.