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Newton Wellesley Office Park Finds 10-year Loan

Jul 31, 2012 | Reprints | Unlock Link | Print

The four-building Newton Wellesley Executive Office Park has secured financing in the form of a 10-year, fixed-rate loan through Principal Global Investors, Boston-based real estate capital firm Holiday Fenoglio Fowler LP said.

HFF worked on behalf of Newton Wellesley Executive Office Park LLC, an affiliate of The Nelson Cos., to secure the loan.

The 130,000-square-foot complex is 100 percent leased to 25 tenants in the high technology, legal, financial, professional and personnel service industries. The properties are located in Wellesley at 40, 60, 62 and 70 Walnut Street near the intersection of Route 16 and Route 128/Interstate 95 about 13 miles west of downtown Boston.

The HFF team representing the borrower was led by director Lauren O’Neil and senior real estate analyst Robyn King.

Commercial & Industrial