August 16, 2019
CrossHarbor Capital Partners sold its stake in 10 and 20 Mall Road, a two-building office complex in Burlington. The sales price and CrossHarbor’s ownership percentage was not disclosed. Following the transaction, RJ Kelly will remain as operating partner of the property.
The 154,378-square-foot asset is anchored by tenant Flexion Therapeutics, Infogroup and Construction Consulting Associates. The 10-acre complex was recently given a $3-million renovation, which included upgraded lobbies and common areas.
Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell of NKF brokered the partial sale. The buyer was Battery Global Advisors. In addition, a JLL team of Brett Paulsrud, Lauren O’Neil and Sam Campbell secured a $37.8-million refinancing for the property from lender People’s United.
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