{"id":1004197137,"date":"2017-11-10T14:14:13","date_gmt":"2017-11-10T22:14:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197137"},"modified":"2022-12-07T19:57:28","modified_gmt":"2022-12-08T03:57:28","slug":"boston-area-office-portfolio-lands-23m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/","title":{"rendered":"Boston-Area Office Portfolio Lands $23M Refi"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004197138\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197138\" data-attachment-id=\"1004197138\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/chapel-business-center-in-newton-mass\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Chapel Business Center in Newton, Mass.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Chapel Business Center in Newton, Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg?w=640\" class=\"wp-image-1004197138 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg\" alt=\"Chapel Business Center in Newton, Mass.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197138\" class=\"wp-caption-text\">Chapel Business Center in Newton, Mass.<\/p><\/div>\n<p>KS Partners has arranged a $22.5 million loan for the refinancing of a 121,487-square-foot office and flex portfolio in Newton, Mass.<\/p>\n<p>Located at 59-85 Chapel St., Chapel Business Center is the largest property in the portfolio. The 78,187-square-foot, Class B office building was built in 1898, converted to office in 1994 and renovated in 2006. The one- and two-story\u00a0asset is roughly two-and-a-half miles from the other assets in the portfolio, a 32,000-square-foot flex\/office building located at 85 School St. and an 11,300-square-foot flex\/office building at 165 Dexter St.<\/p>\n<p>Julia Anne Slom, senior vice president &amp; team leader of Washington Trust\u2019s Commercial Real Estate Group, arranged the financing on behalf of KS Partners.<\/p>\n<p>According to Yardi Matrix data, KS Partners acquired the portfolio in 2015 from Fairlane Properties for $11.4 million. Earlier this month, KS Partners negotiated Aras Corp.\u2019s lease expansion at Andover Landing at Brickstone, a one million-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/software-company-expands-suburban-boston-lease\/\">Andover office campus<\/a>.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex\/office portfolio in Newton, Mass.<\/p>\n","protected":false},"author":753,"featured_media":1004197138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21825,21742,10,21747],"tags":[37520,38309],"class_list":["post-1004197137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-finance","category-latest","category-northeast","category-office","tag-ks-partners","tag-washington-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Boston-Area Office Portfolio Lands $23M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston-Area Office Portfolio Lands $23M Refi\" \/>\n<meta property=\"og:description\" content=\"Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex\/office portfolio in Newton, Mass.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-10T22:14:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T03:57:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/\"},\"author\":{\"name\":\"Razvan Cimpean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/694c0c0a53e89aa8de1e53ff8201b3b6\"},\"headline\":\"Boston-Area Office Portfolio Lands $23M Refi\",\"datePublished\":\"2017-11-10T22:14:13+00:00\",\"dateModified\":\"2022-12-08T03:57:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/\"},\"wordCount\":175,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Chapel-Business-Center-in-Newton-Mass..jpg\",\"keywords\":[\"KS Partners\",\"Washington Trust\"],\"articleSection\":[\"Boston\",\"Finance\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/\",\"name\":\"Boston-Area Office Portfolio Lands $23M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Chapel-Business-Center-in-Newton-Mass..jpg\",\"datePublished\":\"2017-11-10T22:14:13+00:00\",\"dateModified\":\"2022-12-08T03:57:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/694c0c0a53e89aa8de1e53ff8201b3b6\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Chapel-Business-Center-in-Newton-Mass..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Chapel-Business-Center-in-Newton-Mass..jpg\",\"width\":640,\"height\":512,\"caption\":\"Chapel Business Center in Newton, Mass.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-office-portfolio-lands-23m-refi\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Boston-Area Office Portfolio Lands $23M Refi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/694c0c0a53e89aa8de1e53ff8201b3b6\",\"name\":\"Razvan Cimpean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g\",\"caption\":\"Razvan Cimpean\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/razvancimpean\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Boston-Area Office Portfolio Lands $23M Refi - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/","og_locale":"en_US","og_type":"article","og_title":"Boston-Area Office Portfolio Lands $23M Refi","og_description":"Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex\/office portfolio in Newton, Mass.","og_url":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-11-10T22:14:13+00:00","article_modified_time":"2022-12-08T03:57:28+00:00","og_image":[{"width":640,"height":512,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/"},"author":{"name":"Razvan Cimpean","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"headline":"Boston-Area Office Portfolio Lands $23M Refi","datePublished":"2017-11-10T22:14:13+00:00","dateModified":"2022-12-08T03:57:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/"},"wordCount":175,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg","keywords":["KS Partners","Washington Trust"],"articleSection":["Boston","Finance","News","Northeast","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/","url":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/","name":"Boston-Area Office Portfolio Lands $23M Refi - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg","datePublished":"2017-11-10T22:14:13+00:00","dateModified":"2022-12-08T03:57:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg","width":640,"height":512,"caption":"Chapel Business Center in Newton, Mass."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/boston-area-office-portfolio-lands-23m-refi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Boston-Area Office Portfolio Lands $23M Refi"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6","name":"Razvan Cimpean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","caption":"Razvan Cimpean"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/razvancimpean\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Chapel-Business-Center-in-Newton-Mass..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004197137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004197137"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004197137\/revisions"}],"predecessor-version":[{"id":1004197177,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004197137\/revisions\/1004197177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004197138"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004197137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004197137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004197137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}