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Eden Properties Lands Debt for Brookline Retail
JLL Capital Markets arranged $3.6 million in acquisition financing for 1429 Beacon St., a 7,955-square-foot, fully-leased, multi-tenant retail building in Brookline, MA.
The debt placement team representing Eden Properties was led by Managing Director Greg LaBine and Director Martha Nay. They worked on behalf of the borrower, Boston-based Eden Properties, to place the 10-year, fixed-rate, non-recourse loan with Eastern Bank.
The one-story 1429 Beacon St. was completed in 1922 and has been updated throughout its almost century-long history. The one-story building has a basement level and is home to three tenants: East Boston Savings Bank, Brookline Ballet School and the School is Cool daycare.
“It’s easy to understand why Eden was drawn to this retail asset, given its irreplaceable location on Beacon Street in Brookline’s Coolidge Corner,” Nay said. “The sponsor’s vision for the asset and reputation helped JLL to secure superior financing terms from Eastern Bank.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
