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

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FINANCED
$79,000,000
Robert (Rob) Griffin
Matthew (Matt) Pullen
+ 6

Massachusetts

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Industrial450,000 SF
Financed 07/30/2025
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Property Image
FINANCED

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

101 Billerica Avenue

See Similar Deals
Industrial450,000 SF
Financed 07/30/2025
Robert (Rob) Griffin
Matthew (Matt) Pullen
+ 6
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:450,000 SF
Transaction Type:Loan

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:

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.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

Samantha Hallowell
Newmark
36 deals$5B volume(617) 863-8627
BROKER

Robert (Rob) Griffin
Newmark
72 deals$7.3B volume(617) 863-8611
BROKER

James (Jim) Tribble
Newmark
14 deals$719.5M volume(617) 863-8607
BROKER

William (Will)  Sleeper
Newmark
12 deals$1.1B volume(617) 863-8594
BROKER

Newmark
BROKERAGE

Tucker Kelton
3 deals$179M volume
LANDLORD

Merrick Kleeman
Wheelock Street Capital
8 deals$553.4M volume
LANDLORD

Jonathan Paul
Wheelock Street Capital
7 deals$553.4M volume
LANDLORD


Details

FINANCED
IMAGE: Tucker Kelton, Merrick Kleeman, Jonathan Paul, Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & William Sleeper DATE: 07/30/2025 ADDRESS: 101 Billerica Avenue MARKET: North Billerica, MA ASSET TYPE: Industrial ~ SF: 450,000 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 (@Newmark) LOAN AMOUNT: $79,000,000 LOAN TYPE: Recapitalization NOTE: Newmark arranged a $79M recapitalization of Axis Park North, a 450K-sf industrial R&D park in Billerica, MA, on behalf of Camber Development and Wheelock Street Capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$79,000,000.00

Monthly NOI$526,666.67
Monthly Debt Service$499,333.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00