King Street Properties Secures $74.8M Construction Loan In Devens, MA

An industrial property asset with a total space of 210,000 square feet located at 75 Jackson Road in Devens, MA was involved in a recent transaction. The property, an advanced manufacturing building, received a construction loan worth $74,800,000. First Citizens Bank and Berkshire Bank provided the financing for this property owned by Thomas Ragno of King Street Properties.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $74,800,000
• Address: 75 Jackson Road
• Market: Devens, MA
• Lender: First Citizens Bank & Berkshire Bank
• Landlord: Thomas Ragno - King Street Properties
• Loan Type: Construction

King Street Properties, under the ownership of Thomas Ragno, successfully secured the significant $74.8 million construction loan from First Citizens Bank and Berkshire Bank for the development of the 210,000-square-foot advanced manufacturing building in Devens, MA. This notable transaction showcases the collaboration between these key individuals and financial institutions to support industrial property development in the area.