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Boston & New England  + Boston  + Industrial  |  June 5, 2020
2019 Boston city skyline
David Cohen
By: David Cohen

NKF Secures $8M Refinancing for Malden Industrial Property

NKF has arranged $8.3 million in debt financing for 129 Commercial Street, a 54,000-square-foot industrial facility in Malden.

The property is currently occupied by National Grid on a short-term lease. Features of the facility include 21-foot clear heights, four tailboard loading docks and one drive-in door. It’s located in Boston’s desirable “last-mile” urban core, and is nearby East Cambridge and downtown Boston.

David Douvadjian, Timothy O’Donnell, Brian Butler, David Douvadjian Jr. and Conor Reenstierna of the NKF’s Boston Debt and Structured Finance Group secured the financing on behalf of the borrower, a partnership comprised of Oliver Street Capital and Bain Capital Real Estate. The lender was M&T Bank.

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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