TripAdvisor Nails Down $85M Loan To Build Mass. HQ

Law360, New York (January 23, 2014, 2:16 PM EST) -- Mortgage banking firm HFF LP has arranged an $85 million construction loan to go toward the building of TripAdvisor Inc.'s corporate headquarters in Needham, Mass., it said Thursday.

HFF secured the $85 million floating-rate loan on behalf of the borrower, a joint venture consisting of investment manager Normandy Real Estate Partners and private investment capital firm Greenfield Partners.

"Normandy and Greenfield had the vision and persistence to transform an underutilized group of 1950's era R&D buildings into an amenity-rich corporate office location," Riaz Cassum, the senior...
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