Jones Lang LaSalle Inc. (via Public) / Boston flex portfolio acquired by local buyer for $10.4M
Boston flex portfolio acquired by local buyer for $10.4M BOSTON, Feb. 25, 2021 - JLL announced today that it has closed the $10.4 million sale, arranged $16.1 million in acquisition and redevelopment financing and has been engaged to lease the two-building flex office and R&D portfolio totaling 170,146 square feet at 3 and 8 Federal Street in the northern Boston suburb of Billerica, Massachusetts. JLL marketed the property on behalf of the seller, and procured the buyer and borrower, Boston-based Rhino Capital Advisors LLC (Rhino). JLL worked on behalf of Rhino to place a floating-rate loan w...
Source: publicnow.com