True North Management Group & Celera Properties Secure $35.3M Floating-Rate Loan For Andover Office Building
300 & 600 Federal Street
Office
233,726 SF
233,726 SF
Financed 1 year ago
Summary
The property involved in this transaction is an office building located at 300 & 600 Federal Street in Andover, MA. The property has a total square footage of 233,726. It was acquired by True North Management Group & Celera Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,340,000
- Address: 300 & 600 Federal Street, Andover, MA
- Market: Andover, MA
- Lender: OceanFirst Bank
- Borrower: True North Management Group & Celera Properties
- Brokers: Greg LaBine & Martha Nay - JLL Capital Markets
The loan for this transaction was provided by OceanFirst Bank. It is a floating-rate loan for the acquisition and repositioning of the property. The loan amount is $35,340,000.
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300 & 600 Federal Street
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