Lauren O’Neil Of JLL Secures $28M Loan From People's United Bank

Located in Burlington, a northwestern suburb of Boston, 10 and 20 Mall Road consist of two office buildings totaling 154,378 square feet. The $28 million acquisition loan was provided by People's United Bank, carrying a fixed interest rate and a 10-year term. 10 Mall Road encompasses 58,160 square feet and is currently leased to four tenants, while 20 Mall Road spans 96,218 square feet and houses around 20 tenants.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $28,000,000.00
• Address: 20 Burlington Mall Road, Burlington...
• Market: Bordentown
• Borrower's Rep: Lauren O’Neil (JLL)
• Lender: People's United Bank

Lauren O’Neil and Brett Paulsrud of JLL were the representatives who arranged the financing on behalf of the borrower, R.J. Kelly Co. The seller of the properties remains undisclosed.