Centreville Bank Provides $10.6M Loan For Industrial Property Acquisition, Lowell MA

The industrial property located at 160 Industrial Ave in Lowell, MA was recently involved in a closed transaction. The property spans a total area of 55,325 square feet. The deal was facilitated by brokers Brett Paulsrud and Amy Lousararian from JLL. The lenders in this transaction were Centreville Bank.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,630,000
• Loan Type: Acquisition loan
• Loan Terms: Five-year, fixed-rate, non-recourse acquisition loan

Oliver Street Capital and Bain Capital Real are the landlords of the property. It is important to note that no additional information was provided regarding the individuals or companies involved in this transaction.