North River Co. And North Colony Asset Management Recapitalize Mixed-Use Property In Somerville, MA For $160M

The mixed-use property located at 200 Inner Belt Road in Somerville, MA has been involved in a recent closed transaction. The property spans approximately 191,089 square feet and is owned by North River Co. and North Colony Asset Management, represented by Adam Myers and Mario J. Valdivia, respectively. The deal was facilitated by Newmark, who served as the brokers in the transaction. The transaction involved a loan recapitalization totaling $160,000,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $160,000,000
• Address: 200 Inner Belt Road, Somerville, MA
• Market: Somerville, MA
• Asset Type: Mixed-use
• Square Footage: 191,089

North River Co., represented by Adam Myers, and North Colony Asset Management, represented by Mario J. Valdivia, are the landlords of the property. Newmark played a key role as the broker in facilitating the transaction. The loan recapitalization involved a significant amount of $160,000,000, providing a financial boost for the property.