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Duffy Properties Receives $30M Loan for Burlington, MA Portfolio
Blanchard Woods, a three-property office portfolio totaling 194,421 square feet in the suburban Boston community of Burlington, MA, received $30 million in financing. The borrower was Waltham, MA-based Duffy Properties, which secured the 11-year, fixed-rate permanent loan through Nationwide Life Insurance Company.
Blanchard Woods comprises 76, 78 and 80 Blanchard Road, which are strategically located on 8.26 acres directly abutting Route 128/Interstate 95 approximately 13 miles north of Boston.
The three Class A office buildings were renovated or completed between 2011 and 2014, and feature a cafeteria and two fitness centers. Collectively, the property is 91% leased to 19 tenants, including anchor tenant Cambridge Trust.
The HFF debt placement team representing the borrower included Porter Terry and Martha Nay.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing