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Colliers Meredith & Grew Secures $8.5M Refinancing For Hopkinton Buildings

Jun 2, 2010 | Reprints | Unlock Link | Print

Colliers Meredith & Grew’s Capital Markets group has arranged an $8.5 million refinancing for a four-building, 173,917-square-foot portfolio of office and R&D buildings in Hopkinton.

The buildings are located at 97, 99, 103-105 and 107-109 South St. The majority of the fully-leased asset is occupied by Lonza Hopkinton Inc., a supplier of contract biopharmaceutical development and manufacturing services.

Vice President John Broderick of Colliers Meredith & Grew represented the borrower, Southfield Properties I, II and III LLC. Genworth Financial Inc. financed the transaction. The eight-year, fixed-rate loan closed in April 2010.

"Genworth did a commendable job understanding the asset and provided a financing that exactly matched our client’s request," said Broderick.

Commercial & Industrial