Lake Williams Corporate Center in Marlborough.The Boston office of Holliday Fenoglio Fowler L.P. (HFF) has arranged a $16.3 million first mortgage loan for a 207,000-square-foot, two-building office campus within Lake Williams Corporate Center in Marlborough.

HFF senior managing director Riaz Cassum and senior real estate analyst Lauren O’Neil placed the 5-year fixed-rate loan with Danvers Bank, working on behalf of Great Point Investors LLC.

Loan proceeds were used to retire the existing maturing debt on the properties, which were originally placed with a life company by HFF in 2002, according to a statement.

Located at 26 and 62 Forest St., the buildings have 119,016 square feet and 88,342 square feet, respectively, of Class A office space. Both properties were completed in 2001 and are 90 percent leased to four tenants: Advanced Micro Devices, International Power America, Netezza and Navilyst Medical.

"HFF was able to secure a loan that was equal to the existing debt on the property, which was a major accomplishment in today’s challenging capital market," said Cassum. "Additionally, the borrower was able to fix its cost of capital for the next five years at a very attractive interest rate."

 

HFF Arranges $16.3M For Office Campus In Marlborough

by Banker & Tradesman time to read: 1 min
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