June 5, 2020 Comments Off on NKF Secures $8M Refinancing for Malden Industrial Property Views: 515 Boston, Boston New England News

NKF Secures $8M Refinancing for Malden Industrial Property

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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.

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