HFF, a provider of commercial real estate and capital markets services, said that it has arranged a $170 million construction loan for One Channel Center, a 500,000-square-foot office building currently under development by AREA Property Partners and Commonwealth Ventures in Boston’s Seaport District.

The project is for an 11-story office building that will be leased in its entirety to State Street Corp., a financial services firm headquartered in Boston. The project broke ground this past summer and is scheduled for completion in early 2014.

One Channel Center is situated within the larger Channel Center project, a 2 million-square-foot mixed-use development area featuring office, residential, and retail uses.