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HFF Secures $49M Financing For Concord Office Complex

Sep 12, 2013 | Reprints | Unlock Link | Print

300 Baker Ave Boston-based HFF has arranged $49 million in first mortgage financing for the Concord Meadows Corporate Center.

HFF worked on behalf of the borrower, Normandy Real Estate Partners, to secure the floating-rate loan through Natixis Real Estate Capital LLC.

The 424,815-square-foot office complex, located at 300 Baker Ave., is 78 percent leased. Anchor tenants include Emerson Hospital, Welch’s and Kayak. It underwent a complete renovation in 1998 and has benefited from on-going capital improvements since Normandy’s purchase in 2006.

HFF’s Riaz Cassum, managing director, Porter Terry, director, and Samantha Bendetson, real estate analyst, represented Normandy Real Estate Partners.

Commercial & Industrial