{"id":1004345795,"date":"2019-08-14T05:48:15","date_gmt":"2019-08-14T13:48:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004345795"},"modified":"2021-09-10T09:12:55","modified_gmt":"2021-09-10T17:12:55","slug":"crossharbor-sells-boston-area-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crossharbor-sells-boston-area-office-asset\/","title":{"rendered":"CrossHarbor Sells Boston-Area Office Asset"},"content":{"rendered":"<div id=\"attachment_1004345861\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004345861\" data-attachment-id=\"1004345861\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crossharbor-sells-boston-area-office-asset\/attachment\/7834\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg\" data-orig-size=\"1000,775\" 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=\"10 &#038; 20 Burlington Mall Road\" data-image-description=\"&lt;p&gt;10 &#038; 20 Burlington Mall Road&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;10 &#038; 20 Burlington Mall Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg?w=1000\" class=\"wp-image-1004345861 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/7834.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004345861\" class=\"wp-caption-text\">10 &amp; 20 Burlington Mall Road<\/p><\/div>\n<p>CrossHarbor Capital Partners has sold its interest in 10 &amp; 20 Mall Road<strong>&nbsp;<\/strong>in Burlington, Mass., to Battery Global Advisors. Following the transaction, RJ Kelly will remain the operating partner of the Class A office complex. Additionally, the property received a&nbsp;$37.8 million&nbsp;refinancing from Bank of America.<\/p>\n<p>The two-building property encompasses 154,378 square feet. A recent $3 million renovation resulted in upgraded lobbies and common areas. The anchor tenants are Flexion Therapeutics, Infogroup and Construction Consulting Associates.<\/p>\n<p>Located on 10 acres along the town\u2019s primary road, the asset sits minutes away from eateries, cafes, retailers and entertainment options. A Marriott hotel is right across the street and Northeastern University Burlington Campus is 1.6 miles away. Route 128 and an MBTA bus stop are in close proximity.<\/p>\n<p>A Newmark Knight Frank Capital Markets team comprising Vice Chairman&nbsp;Edward Maher, Executive Managing Directors Matthew Pullen and<strong>&nbsp;<\/strong>James Tribble<strong>&nbsp;<\/strong>and Director&nbsp;Samantha Hallowell&nbsp;brokered the partial sale. Last June, the company<a href=\"https:\/\/www.commercialsearch.com\/news\/ares-management-jv-buys-boston-office-property-for-110m\/\"> arranged the sale<\/a> of a five-building property in Boston.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A local investor has purchased the majority interest in the two-building office property.<\/p>\n","protected":false},"author":741,"featured_media":1004345861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21825,21783,21742,10,21747],"tags":[46691,37832,36007],"class_list":["post-1004345795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-finance","category-investment","category-latest","category-northeast","category-office","tag-battery-global-advisors","tag-crossharbor-capital-partners","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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