REBusinessOnline

CMG SECURES $12.6 MILLION B-NOTE FOR OFFICE PROPERTY

BURLINGTON, MASS. — The Capital Markets Group of Colliers Meredith & Grew (CMG) has secured a $12.6 million B-note loan for the expansion of One Wayside Road, an approximately 200,000-square-foot, Class A office building located within Burlington Office Park in Burlington. The expansion added 80,000 square feet to the office property, which is fully leased to Nuance Communications. Property amenities include a fitness center, food service and on-site management. Terms of the secondary financing include a 7-year term with a fixed rate that terminates at the same time as the original financing. Kevin Phelan and John Broderick of CMG represented the borrower, The Gutierrez Company. The lender is State Farm, which is also the property’s existing lender. Phelan and Broderick also secured the original financing for the property in 2005.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties