James J. Houlihan of Houlihan-Parnes Realtors borrows $29M from Signature Bank for office property in Tremont

James J. Houlihan of Houlihan-Parnes Realtors through the entity 1775 Grand Concourse LLC as borrower signed a loan agreement with lender Signature Bank valued at $29.0 million for 1 parcel, including the tax class commercial condominium unit (R5) at 1775 Grand Concourse in Tremont. The deal closed on May 1, 2020 and was recorded on May 6, 2020.
The property contains a total of 265,162 square feet of built space.
The average loan per buildable square foot is $109.
The last time the property sold was February 13, 2012, for $7,000,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on November 20, 2014.

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