Newmark Arranges $79 Million Recapitalization For Axis Park North Industrial Asset In Billerica MA

An industrial asset located at 101 Billerica Avenue, North Billerica, MA, has a total square footage of 450,000. The property is involved in a recapitalization transaction amounting to $79,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $79,000,000
• Asset Square Footage: 450,000
• Address: 101 Billerica Avenue, North Billerica, MA
• Market: North Billerica, MA
• Landlord: Tucker Kelton - Camber Development; Merrick Kleeman & Jonathan Paul - Wheelock Street Capital
• Brokers: Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & William Sleeper - Newmark
• Loan Type: Recapitalization

Newmark arranged the recapitalization on behalf of Camber Development and Wheelock Street Capital, showcasing the involvement of key individuals in the transaction, including Tucker Kelton, Merrick Kleeman, and Jonathan Paul representing the landlords, while the brokers involved include Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, and William Sleeper.