Spaulding & Slye represented the building owner in the transaction that was conducted with a "major commercial bank." Walter E. Mercer, senior vice president of Spaulding & Slye commented, "The property is at 'ground zero' in the Route 128 Burlington market and the high level of investor interest related the quality of the location, borrower and tenant."
The loan deal amounted to 95% of the projected construction costs associated with the development of the 4 Van DeGraaf property. Spaulding & Slyle Colliers is also serving as development manager, leasing agent, property manager and contractor for the project.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
