Howard Hughes Corp. borrows $100M from Helaba for property in Seaport

Howard Hughes Corp. through the entity 250 Seaport District, LLC as borrower signed a loan agreement with lender Helaba through the entity Landesbank Hessen-Thuringen Girozentrale valued at $100.0 million for 250 Water Street in Seaport. The deal closed on November 19, 2019 and was recorded on November 22, 2019.

The last time the property sold was June 8, 2018, for $182,722,500, when the Howard Hughes Corp. bought the parcel from Milstein Properties. Howard Hughes last month recorded a $99.7 million loan to itself. This new loan retires that loan.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link