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Boston & New England  + Office  |  August 16, 2019
David Cohen
By: David Cohen

CrossHarbor Divests from Two-Building Office Property in Burlington

CrossHarbor Capital Partners sold its stake in 10 and 20 Mall Road, a two-building office complex in Burlington. The sales price and CrossHarbor’s ownership percentage was not disclosed. Following the transaction, RJ Kelly will remain as operating partner of the property.

The 154,378-square-foot asset is anchored by tenant Flexion Therapeutics, Infogroup and Construction Consulting Associates. The 10-acre complex was recently given a $3-million renovation, which included upgraded lobbies and common areas.

Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell of NKF brokered the partial sale. The buyer was Battery Global Advisors. In addition, a JLL team of Brett Paulsrud, Lauren O’Neil and Sam Campbell secured a $37.8-million refinancing for the property from lender People’s United.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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