Karp, Buza, Hoar, Fallon, Fowler, Hynes & Menino Pivot on Vertex

Fan Pier Boston - Boston Harbor Walk - Seaport District Boston

Spurring Growth on Boston’s Waterfront By SUSAN DIESENHOUSE - Article Courtesy of:  New York Times BOSTON — When Vertex Pharmaceuticals agreed this year to move into an as-yet-unbuilt waterfront office complex, it made history as the city’s largest commercial lease at 1.1 million square feet, with a rent of $72.5 million a year. But more important for the city over all, the huge deal has spurred growth and eased the way for financing other projects. The Fallon Company is developing the $900 million office and laboratory complex for Vertex on Fan Pier, across Fort Point Channel a few blocks from downtown. Vertex, which is based in Cambridge, Mass., also has leased 60,000 square feet in One Marina Park Drive, an office building … [Read more...]

Fan Pier News – Vertex Pharmaceuticals

Vertex Corporate Headquarters - Fan Pier Boston Massachusetts

HFF arranges $355m in financing for Fan Pier By Chris Reidy, Globe Staff HFF, a provider of commercial real estate services, said it has arranged a $355 million construction loan for the development of a new headquarters campus for Vertex Pharmaceuticals Inc. at Boston’s Fan Pier. HFF said it worked on behalf of the Boston-based development company that is overseeing the Fan Pier project, the Fallon Company LLC, and its investors to secure the construction loan. The Fan Pier development is a 21-acre site spanning nine city blocks along the downtown Boston waterfront. The Vertex headquarters facility will feature two 16-story office towers incorporating 1.1 million square feet of office and biomedical research space and … [Read more...]

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