Northbridge Partners Secures $27.8 Million Loan To Acquire Industrial Portfolio In East Boston

An industrial portfolio exceeding 300,000 square feet has been acquired in the Boston metropolitan area, including a property located at 36 Saratoga Place, East Boston, MA. The deal involved a loan amount of $27,800,000 for the acquisition of this asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,800,000
• Address: 36 Saratoga Place
• Market: East Boston, MA
• Lender: Tim Chaves - Bristol County Savings Bank
• Brokers: Andrew Gray & Ryan Parker - JLL

Northbridge Partners has successfully secured financing to facilitate the acquisition, drawing from the expertise of the brokers involved in the deal to ensure a smooth transaction process. The involvement of leading professionals from JLL highlights the significance of this transaction within the industrial sector.