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Office/Retail Building in Newton Lands $13M Refi
JLL Capital Markets has arranged a $13-million refinancing for 313 Washington St., an 80,902-square-foot office and retail building in Newton, MA. A team led by director Martha Nay worked on behalf of the borrower, Grander Capital Partners, to secure the five-year, fixed-rate loan with Eastern Bank.
313 Washington is located just off Interstate 90/The Mass Pike in Newton, approximately seven miles west of Downtown Boston. Completed in 1998, the asset features creative office space and ground-level retail that is leased to more than two dozen tenants, including the popular Buff’s Pub.
“We were delighted to work on the refinancing of 313 Washington St.,” Nay said. “Newton Corner has been white hot in recent months, making the property a sound financing for Eastern Bank, who will undoubtedly be a strong lender for Grander in the years to come.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
