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Montana Avenue Capital Partners Acquires Keurig Dr Pepper Headquarters Campus For $84.5M In Burlington

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FINANCED
$84,500,000
Robert (Rob) Griffin
Matthew (Matt) Pullen
+ 3

Massachusetts

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Office862,466 SF
Financed 11/19/2025
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Property Image
FINANCED

Montana Avenue Capital Partners Acquires Keurig Dr Pepper Headquarters Campus For $84.5M In Burlington

53 South Avenue & 63 South Avenue

See Similar Deals
Office862,466 SF
Financed 11/19/2025
Robert (Rob) Griffin
Matthew (Matt) Pullen
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$98
Total Square Footage:862,466 SF
Transaction Type:Loan

The transaction involves an office asset located at 53 & 63 South Avenue in Burlington, Massachusetts, encompassing a total square footage of 431,233. The acquisition loan amount was $84,500,000, facilitated through acquisition financing as part of the overall deal.

Summary of transaction details:

Newmark arranged the $84.5 million financing for the acquisition between Peakstone Realty Trust and Montana Avenue Capital Partners, facilitating the sale of the two-building headquarters campus for Keurig Dr Pepper.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

Samantha Hallowell
Newmark
36 deals$5B volume(617) 863-8627
BROKER

Robert (Rob) Griffin
Newmark
72 deals$7.3B volume(617) 863-8611
BROKER

James (Jim) Tribble
Newmark
14 deals$719.5M volume(617) 863-8607
BROKER

William (Will)  Sleeper
Newmark
12 deals$1.1B volume(617) 863-8594
BROKER

Newmark
BROKERAGE

Details

FINANCED
IMAGE: Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & William Sleeper DATE: 11/19/2025 ADDRESS: 53 & 63 South Avenue MARKET: Burlington, MA ASSET TYPE: Office ~ SF: 431,233 LANDLORD: Montana Avenue Capital Partners, LLC BROKERS: Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & William Sleeper - Newmark (@Newmark) LOAN AMOUNT: $84,500,000 LOAN TYPE: Acquisition NOTE: Newmark arranged the $84.5 million sale and acquisition financing of Keurig Dr Pepper’s two-building, 431,233-square-foot headquarters campus in Burlington, Massachusetts, with Peakstone Realty Trust selling to Montana Avenue Capital Partners.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$84,500,000.00

Monthly NOI$563,333.33
Monthly Debt Service$534,097.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00