News - Page 2 of 3 - Bostonia

Bostonia closed the $99 million financing of an energy savings performance contract (ESPC) that will contribute to the enhancement of the National Deep Energy Retrofit Program for the General Services Administration (GSA) and will serve as a marquee project in the GSA portfolio. The project includes retrofits to The White House Complex, the Eisenhower Executive Office Building, the New Executive Office Building, the Ronald Reagan Building, and the Winder Building, among others. The GSA manages approximately 95.6 million rentable square feet of space in 190 federally owned buildings, including 70 historic buildings (seven are national landmarks), and 500 leased buildings.

Bostonia arranged $14M in permanent financing for two Veterans Affairs (VA) community-based outpatient clinics in Ohio and Indiana. The two VA clinics total approximately 45,000 square feet and are each subject to a long-term lease with the federal government.

The two VA clinics will replace outdated facilities and consolidate many smaller clinics into a single larger facility at each of the locations. In Ohio, the new state-of-the-art facility is 40% larger than the previous CBOC in the area where the VA will be relocating from and will serve nearly 11,000 veterans annually. The larger, more efficient space will allow for use of the VA’s “patient aligned care team” model. This approach allows for patients to receive specialized care via a team consisting of a primary care provider, nurse care manager, clinical associate, and administrative clerk, ensuring care is more personalized and team-based with a focus on wellness and disease prevention.

Bostonia closed the $33 million financing of an utility energy services contract (UESC) project to benefit the Fleet Readiness Center East (“FRCE”) at Cherry Point in North Carolina. The project will enhance FRCE’s energy reliability, resilience, and energy efficiency while reducing risk of operational and mission failure and strengthen personnel ability to complete missions. FRCE provides mission-critical maintenance, engineering and logistics support for the Navy and Marine Corps aviation, and additionally supports other military and government agencies. With a vision “To be the Most Dependable Provider of Choice for American Air Power through Comprehensive and Innovative Integration of our People, Processes, and Resources”, FRCE opened its doors Dec. 16, 1943 as the Assembly and Repair Department at Marine Corps Air Station Cherry Point, North Carolina.

Bostonia closed a $25 million financing of an energy savings performance contract (ESPC) project to undertake energy improvements for the Army at Ft. Benning in Georgia. Fort Benning supports more than 120,000 active-duty military, family members, reserve component soldiers, retirees, and civilian employees daily. It is a power projection platform and possesses the capability to deploy combat-ready forces by air, rail, and highway. Fort Benning is the home of the United States Army Maneuver Center of Excellence, the United States Army Armor School, United States Army Infantry School, the Western Hemisphere Institute for Security Cooperation (formerly known as the School of the Americas), elements of the 75th Ranger Regiment (United States), 3rd Brigade – 3rd Infantry Division, and many other additional tenant units.

Bostonia closed the $20M financing of an energy services performance contract (ESPC) that will provide Dyess AFB with various energy conservation measures focused on energy conservation and resilience. Dyess AFB is a 6,409-acre base with over 13,000 military and civilian people. It is home to the 7th Bomb Wing, which consists of four groups. Two squadrons, the 9th and 28th Bomb Squadrons, fly the B-1B. In addition, the 28th Bomb Squadron is the Air Force schoolhouse for all B-1B aircrew members.

Bostonia closed 2 phases of the project totaling $45M project will provide MCAS Cherry Point with a modern, standardized, hardened, reliable, resilient and cybersecure electrical distribution system, water/wastewater and building metering/control systems. These systems will provide real-time information to a central command center positioning the Station to continuously monitor energy/water systems and quickly identify, diagnose, and repair systems issues as issues arise during on-going day to day operations as well as during critical events.

Bostonia arranged $9.6M in 20-year permanent, credit tenant lease financing for a 60+ bed transitional housing facility located in Brooklyn, NY. The 20,000 SF building is owned by a non-profit corporation that has been in existence since the late 1980’s. The non-profit corporation entered into a long term contract with the City of New York to provide and administer temporary emergency housing and housing support for families determined to be eligible for shelter.

The City of New York’s Department of Homeless Services provides shelter for more than 10,000 men and women on any given night, expanding and contracting based on capacity needs. As an agency comprised of 2,000 employees, with an annual operating budget of approximately $1 billion, DHS is one of the largest organizations of its kind committed to preventing and addressing homelessness in New York City.

Bostonia funded $262 million for an energy savings performance contract (ESPC) at the Oklahoma City Air Logistics Complex at Tinker Air Force Base. This was one of the largest and most ambitious ESPC projects undertaken for the U.S. Government to date. The project which was delivered on-time and on-budget by Honeywell Building Solutions included implementation of energy and water conservation measures at 50 buildings comprising 10 million square feet at Tinker AFB. The conservation improvements include upgrades to the boiler plant, chiller plant, HVAC and lighting systems, building envelope, and water and sewer systems. Energy and water resilience and conservation outcomes include 60 million kWh saved annually or the equivalent energy needed to power approximately 8,300 homes for one year and 15 million gallons of water saved annually.

Bostonia arranged $15M in permanent credit tenant lease financing for 2 facilities leased to the General Services Administration. One property is a specialized facility tenanted by the Drug Enforcement Agency in the southeastern United States. The facility includes office space, interior parking areas and vehicle bays, interview rooms and holding cells.

The other property is a specialized facility for the United States Forest Service (USFS) in the western United States. The facility is comprised of office space and specialized warehouse space to assist in upholding the USFS’s mission to sustain the health, diversity, and productivity of the nation’s forest and grasslands to meet the needs of present and future generations.

Bostonia closed the $38M financing of a utility energy services contract that will provide Fort Bragg with various energy conservation measures focused on energy resilience and security in Special Forces, Critical, GRF and Mission Assurance facilities. All ECMs reduce the probability of equipment failures and allow Post personnel to focus on more mission-critical items.

Bostonia arranged $74M in construction-to-permanent financing for three Veterans Affairs (VA) community-based outpatient clinics in Ocala, Florida, Orangeburg, South Carolina and Terre Haute, Indiana. The three VA clinics total approximately 125,000 square feet and are each subject to a long-term lease with the federal government.

The three VA clinics will replace outdated facilities and consolidate many smaller clinics into a single larger facility at each of the locations. The expanded primary care offerings at each clinic will include services for physical therapy, prosthetics, optometry, audiology, cardiology, mental health, and substance abuse. The facilities will also include space for telemedicine clinics and properly sized rooms for patient care and laboratory clinics.

Bostonia closed the $11M financing of an energy savings performance contract to undertake energy savings improvements for NSA Hampton Roads at three sites: Hampton Roads, Lafayette, and Northwest Annex. Naval Support Activity Hampton Roads is a United States Navy Echelon 4 regional support commander that is responsible to Navy Region Mid-Atlantic for the operation and maintenance of the installation