Pier 4 Phase II Update 01/08/19

Pier 4 Refinanced for $230.4 Million

The property at 130-140 Northern Avenue in Boston's Seaport District has been refinanced for $230.4 million via American General Life Insurance, Variable Annuity Life Insurance, and National Union Fire Insurance Company of Pittsburgh.

Tishman Speyer's $500 million Pier 4 development project overlooking Boston Harbor features two buildings. A 13-story office building containing 353,000 square feet of office space with 20,000 square feet of ground-floor retail that was sold to Commonwealth Partners in August 2018.  The nine-story residential building containing 106 luxurious one-to-four-bedroom condominiums with 17,000 square feet of ground-floor retail is still under construction. A total of 37,000 square feet of ground-floor retail will be located at Pier 4. Both buildings will feature rooftop terraces and state-of-the-art amenities. Pier 4 will include a one-acre public waterfront park. A two-level underground parking garage will be located on site.

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