News: Financial Digest
Posted: October 11, 2019
Oliver Street Capital secures $12.6 million loan with UniBank; arranged by Paulsrud and Lousararian of JLL
Tewksbury, MA JLL has arranged a $12.6 million refinancing for 554 Clark Rd., a 102,200 s/f flex/R&D building. JLL worked on behalf of the borrower, Boston-based real estate investment management firm Oliver Street Capital, to secure the fixed-rate loan with UniBank.
554 Clark Rd. is positioned on a 10.54-acre site off of I-495 in Tewksbury, a northern suburb of Boston. The single-story facility was recently leased to Mycronic, a Swedish high-tech electronics assembly, display and packaging developer and manufacturer.
JLL’s Capital Markets team representing the borrower was led by senior director Brett Paulsrud and associate Amy Lousararian.
“Having purchased the asset last year, it has been exciting watching the team at Oliver Street fully lease the building in such a short amount of time,” Paulsrud said. “They have executed flawlessly on their business plan and I am happy to have been a part of it.”
Deal secured by Holliday Fenoglio Fowler LP (HFF) prior to being acquired by JLL on July 1st. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
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