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| Amy Lousararian |
BOSTON, MA, March 11, 2020 – JLL Capital
Markets announced today that is has arranged a $5.6 million refinancing for 271
Ballardvale St., a 56,000-square-foot, fully leased, light manufacturing
industrial building off Interstate 93 in the northern Boston suburb of
Wilmington, Massachusetts.
JLL worked on behalf of the borrower, Boston-based
Rhino Capital Advisors LLC, to place the 10-year, fixed-rate loan with Webster
Five.
Fully leased on a long-term basis, the one-story building
was built in 1976 and features 20-foot clear height ceilings.
271 Ballardvale St. is less than 18 miles north of Boston and 16 miles from
Cambridge. This location has exceptional regional highway access via
Interstates 93, 95 and 495, which connects the property to the entire northeast
region.
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| Brett Paulsrud |
The Capital Markets debt placement team representing the
borrower was led by Senior Director Brett Paulsrud and Associate Amy
Lousararian.
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| 271 Ballardvale StREET IS a 56,000-square-foot, fully leased, light manufacturing industrial building off Interstate 93 in the northern Boston suburb of Wilmington, MA |
“Given the long-term lease in conjunction with the very attractive
debt terms, this asset will provide Rhino’ portfolio with strong cash flow for
many years to come,” Paulsrud said.
“It is always a pleasure to work with such a great team.”
“It is always a pleasure to work with such a great team.”
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S.
newsroom.
CONTACT:
Kimberly
Steele
JLL Senior Associate
Public
Relations
Phone: +1 713 852 3420
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