News: Financial Digest
Posted: October 9, 2008
Hegenbart of NorthMarq Capital arranges $20 million for FFMS Lincoln North, LLC
Joseph Hegenbart, managing director of NorthMarq's Boston regional office, arranged mortgage financing of $20 million for Lincoln North, located at 55 Old Bedford Rd. The loan was arranged for the borrower, FFMS Lincoln North, LLC, by NorthMarq through its correspondent relationship with John Hancock Life Insurance Company.
Lincoln North is a three-story, class A office building which contains 128,163 s/f. Constructed in 1989, it is currently 100% leased to multiple tenants. The building is situated on 9.71 acres and offers ample parking for 384 vehicles. The property is conveniently located and easily accessible via I-95, which is located three miles to the west; and the Mass. Tpke., which is located 10 miles to the south. Cranberry Hill Associates is responsible for property management and leasing for the property.
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