{"id":1004231870,"date":"2018-05-24T07:05:22","date_gmt":"2018-05-24T15:05:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231870"},"modified":"2022-12-05T01:16:30","modified_gmt":"2022-12-05T09:16:30","slug":"boston-area-flex-rd-complex-lands-21m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-area-flex-rd-complex-lands-21m-loan\/","title":{"rendered":"Boston-Area Flex\/R&amp;D Complex Lands $21M Loan"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004231872\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004231872\" data-attachment-id=\"1004231872\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boston-area-flex-rd-complex-lands-21m-loan\/chistwick-park-in-sudbury-mass\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg\" data-orig-size=\"964,612\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1527171523&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=\"Chistwick Park in Sudbury, Mass.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Chistwick Park in Sudbury, Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg?w=964\" class=\"size-medium wp-image-1004231872\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg\" alt=\"\" width=\"300\" height=\"190\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg 964w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg?resize=300,190 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg?resize=768,488 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004231872\" class=\"wp-caption-text\">Chiswick Park in Sudbury, Mass.<\/p><\/div>\n<p>Berkadia has arranged $20.8 million in financing for the acquisition of Chiswick Park, a five-building industrial, flex\/R&amp;D office property in Sudbury, Mass. Parsons Commercial Group purchased the 330,000-square-foot asset in an off-market deal, for $27.5 million. Brookline Bank funded the seven-year, fixed-rate loan.<\/p>\n<p>The property, built in 1987, is located at 490 Boston Post Road, along Route 20. The site provides easy access to interstates 90 and 495, while downtown Boston is roughly 20 miles away. The nearly 100 percent occupied complex houses industrial, warehouse, distribution, office, medical and recreational tenants, including Staples, Emerson Hospital, Adtech and Pure Encapsulate.<\/p>\n<p><em>\u201cThis was a unique opportunity to purchase an off-market deal in Sudbury, a town with extremely strong demographics,\u201d<\/em> said John Parsons, president &amp; CEO of Parsons Commercial Group.<\/p>\n<p>Berkadia\u2019s Boston office team brokered the deal, including Managing Director Ryan Nelson, Director Anthony Golebiewski and Associate Director Todd Rixon. In the beginning of the year, Berkadia <a href=\"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-136m-financing-for-2-fl-properties\/\">secured $135.7 million in combined financing<\/a> for two Florida properties. The deals included $80 million in construction financing for a mixed-use project in Orlando and a refinancing loan for a 469,000-square-foot town center in Miramar Beach, Fla.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parsons Commercial Group has acquired the 330,000-square-foot Chiswick Park, for $27.5 million. Berkadia secured acquisition financing for the five-building office and industrial ensemble.<\/p>\n","protected":false},"author":739,"featured_media":1004231872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21825,21783,21752,21742,10],"tags":[32894],"class_list":["post-1004231870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-finance","category-investment","category-mixed-use","category-latest","category-northeast","tag-berkadia"],"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 Flex\/R&amp;D Complex Lands $21M Loan - 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-flex-rd-complex-lands-21m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston-Area Flex\/R&amp;D Complex Lands $21M Loan\" \/>\n<meta property=\"og:description\" content=\"Parsons Commercial Group has acquired the 330,000-square-foot Chiswick Park, for $27.5 million. Berkadia secured acquisition financing for the five-building office and industrial ensemble.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boston-area-flex-rd-complex-lands-21m-loan\/\" \/>\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=\"2018-05-24T15:05:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T09:16:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Chistwick-Park-in-Sudbury-Mass..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"964\" \/>\n\t<meta property=\"og:image:height\" content=\"612\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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-flex-rd-complex-lands-21m-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-flex-rd-complex-lands-21m-loan\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"Boston-Area Flex\\\/R&amp;D Complex Lands $21M Loan\",\"datePublished\":\"2018-05-24T15:05:22+00:00\",\"dateModified\":\"2022-12-05T09:16:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-flex-rd-complex-lands-21m-loan\\\/\"},\"wordCount\":213,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-flex-rd-complex-lands-21m-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/05\\\/Chistwick-Park-in-Sudbury-Mass..jpg\",\"keywords\":[\"Berkadia\"],\"articleSection\":[\"Boston\",\"Deals\",\"Finance\",\"Investment\",\"Mixed Use\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-flex-rd-complex-lands-21m-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-flex-rd-complex-lands-21m-loan\\\/\",\"name\":\"Boston-Area Flex\\\/R&amp;D Complex Lands $21M Loan - 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