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Framingham Property Sold For $1.4M

Jul 14, 2015 | Reprints | Unlock Link | Print

A 21,940-square-foot warehouse and office property in Framingham has been sold to a Framingham-based entity for $1.4 million.

CSA Realty Trust and John C. Ebbrecht Jr. Trust sold the property at 223 Arlington St., according to filings with the Middlesex County Registry of Deeds. The buyer was 223 Arlington St. LLC.

Ed Riekstins, senior vice president of NorthMarq Capital’s Boston office, secured $1.05 million in acquisition financing for the property, from the Institution for Savings in Newburyport with a 20-year term.

“The borrower was able to get a long-term loan with minimal prepayment penalties from a local bank,” Riekstins said in a statement. “This was a repeat lender whose flexibility and simple closing process were paramount to the success of the transaction.”

Commercial & Industrial