Nov
12
Boston-Area Office Portfolio Lands $23M Refi
ByWorking on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex/office portfolio in Newton, Mass.
KS Partners has arranged a $22.5 million loan for the refinancing of a 121,487-square-foot office and flex portfolio in Newton, Mass.
Located at 59-85 Chapel St., Chapel Business Center is the largest property in the portfolio. The 78,187-square-foot, Class B office building was built in 1898, converted to office in 1994 and renovated in 2006. The one- and two-story asset is roughly two-and-a-half miles from the other assets in the portfolio, a 32,000-square-foot flex/office building located at 85 School St. and an 11,300-square-foot flex/office building at 165 Dexter St…
