FoxRock Properties Refinances Quincy Office Building With $27M Loan

One Heritage Drive, a 172,849-square-foot office building located at 1 Heritage Drive in Quincy, Massachusetts, has secured a refinancing deal for $27 million. The loan was obtained by FoxRock Properties, the landlord of the property, with the assistance of JLL Capital Markets. The five-year fixed-rate loan was provided by Metro Credit Union.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $27,000,000
• Address: 1 Heritage Drive
• Market: Quincy, MA
• Borrower: FoxRock Properties
• Lender: Metro Credit Union
• Broker: Jonathan Schneider - JLL

JLL Capital Markets facilitated the refinancing deal for One Heritage Drive on behalf of FoxRock Properties. This transaction marks a significant milestone for the property, providing long-term financial stability with the five-year fixed-rate loan. The assistance of Metro Credit Union as the lender adds further credibility to the deal. Jonathan Schneider from JLL played a crucial role as the broker representing FoxRock Properties during the refinancing process.