Barings Provides $72.6 Million Loan For 140 Kendrick Street Office Campus In Needham MA

140 Kendrick Street is a 409,197-square-foot Class A office campus located in Needham, Massachusetts. The property was involved in a financing transaction amounting to $72,600,000 for its acquisition. The loan was provided by Barings, a financial services firm.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $72,600,000
• Lender: Barings
• Landlord: Graham Goldsmith - Cross Ocean Partners
• Landlord: Clay Duvall - Lincoln Property Company
• Market: Needham, MA

The financing transaction features a joint venture between Cross Ocean Partners and Lincoln Property Company, represented by Graham Goldsmith and Clay Duvall respectively. This partnership aims to enhance the operational capabilities of the office campus through the acquisition financing.