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Developer Refinances Braintree, Tewksbury Properties

Jun 26, 2020 | Reprints | Unlock Link | Print

Developer KS Partners has obtained $45 million in refinancing for a pair of office parks in Tewksbury and Braintree.

Marcone Capital Inc. sourced the loans for KS Partners including $27 million for Highwood Office Park, a 278,859-square-foot, three-building office park in Tewksbury and $18 million for the three-building Forbes Business Center in Braintree totaling 159,615 square feet in three buildings.

Highwood Office Park is anchored by headquarters of Cambridge Isotope Laboratories and accountants Moody, Faiglietti & Andronico. Owners recently invested $2 million in common area updates.

Forbes Business Center recently received facade, entry and parking upgrades.

B&T Daily