According to Cushman & Wakefield, $116 million in acquisition financing has been arranged for 10 Post Office Sq., an office property situated in the Financial District along Post Office Sq. Cushman & Wakefield's Equity, Debt & Structured Finance group has arranged financing as the exclusive advisor to a joint venture between Synergy Investments and GreenOak Real Estate. The financing was provided by Mesa West Capital.
Cushman & Wakefield's managing director Jay Wagner and associate Timothy Hosmer of the Boston-based Equity, Debt & Structured Finance group arranged the financing.
"Synergy, with their extensive portfolio and expertise with today's variety of Boston tenants, is the ideal group to maximize value at 10 Post Office Square" said Wagner. "The lenders that pursued the financing understood Synergy's value-add strategy in the highly desirable core of the financial district."
Located on Norman B. Levanthal Park in Post Office Sq., in the Financial District, this 13-story, 445,000 s/f property is leased to several high quality tenants including Boston Private Bank and Arrowstreet Architecture & Design. As a historic bank, 10 Post Office Sq. combines heritage and innovation with its mix of tenants ranging from classical financial services to cutting-edge technology and design,