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JLL Secures $17M Refi on Rhode Island Office/Industrial
JLL Capital Markets has arranged a $17.28 million refinancing for 1 Albion Rd., a two-building office and industrial property totaling 282,924 square feet in Lincoln, RI. A team led by senior director Jonathan Schneider worked on behalf of the borrower, FoxRock Properties, to secure the five-year, fixed-rate loan through Abington Bank.
1 Albion Rd. features two interconnected, multi-story buildings with office and industrial warehouse space. The property is 82% leased to seven tenants, including Granite Telecommunications, Vicor, UNFI, Zebra Technologies, Complete Staffing, Navigant and 7 Hills. Renovated most recently in 2022, 1 Albion Rd. sports a modernized lobby and a new fitness center.
The property is positioned on 53.4 acres near Interstate 295 near State Route 146 in Lincoln, which is home to Bryant University and a variety of corporate campuses. Lincoln is located in northeastern Rhode Island, approximately seven miles from Downtown Providence and about 60 miles south of Boston.
- ◦Financing
