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    Designed to LEED Gold certification, Boro Tower’s first phase will include a 1.7 million-square-foot mixed-use space, encompassing residential units, retail, entertainment and office space. It is expected to be complete in 2019.

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    The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.

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    HFF assisted the seller in the transaction and procured the buyer, a joint venture partnership between Vanderbilt Partners and True North Management Group.

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    The company worked on behalf of a joint venture between Bliss Properties, Mark T. Brennan & Co. and the Lane Family Trust to secure the 10-year, fixed-rate loan through Bank of America.

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  • Economy Watch: Closings Loom for Fashion Retailer

    More than 250 stores will close by 2019 and another 400 closings could follow unless landlords grant rent relief, says the owner of such fashion brands as Ann Taylor, Dressbarn and Maurices.

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