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Burlington Office Park Recapitalized for $37.8M

Aug 13, 2019 | Reprints | Unlock Link

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Boston-based Battery Global Advisors has joined the ownership structure for a Burlington office property in a $37.8 million recapitalization.

R.J. Kelly Co. of Burlington remains the operating partner following the sale of Boston-based CrossHarbor Capital Partners’ interest in the 154,378-square-foot 10 and 20 Mall Road property.

The property is anchored by tenants Flexion Therapeutics, Infogroup and Construction Consulting Assoc. Recent improvements include upgraded lobbies and common areas.

“10 & 20 Mall Road represents a ‘like-new’ asset with more than $3 million in base building and tenant improvements completed throughout the past five years,” NKF Executive Managing Director Matthew Pullen said in a statement.

B&T Daily