Camber Development And GEM Realty Capital Secure $40.8 Million Refinance For Wilmington Industrial Portfolio

An industrial asset located at 299 Ballardvale Street and 301 Ballardvale Street in Wilmington, MA, has a total square footage of 200,750. The property, owned by a joint venture of Camber Development and Gem Realty Capital, was refinanced for a total loan amount of $40,800,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $40,800,000
• Address: 299 Ballardvale Street & 301 Ballardvale Street
• Market: Wilmington, MA
• Lender: M&T Bank
• Landlord: Tucker Kelton - Camber Development & Gem Realty Capital
• Brokers: Robert Borden, Heather Brown, Rehan Munsiff & Nolan Alexander - Cushman & Wakefield
• Loan Type: Refinance

The refinancing was arranged by Cushman & Wakefield, involving key individuals including Robert Borden, Heather Brown, Rehan Munsiff, and Nolan Alexander, who contributed to the successful transaction involving the manufacturing and R&D portfolio in Wilmington.