Suburban Capital Markets originated and underwrote two loans that helped financed the transaction. They included a $43-million first mortgage loan and a $2.5-million mezzanine loan for borrowers 1801 Research LLC and 1801 SPE LLC, respectively. The value of the entire sales transaction was $56 million.
A class A property developed between 1980 and 1983 at 1801 and 1803 Research Blvd., the Research Boulevard complex occupies a nearly 13-acre parcel in the I-270 Corridor. The two six-story buildings have an average occupancy level of more than 97%. Tenants include Adventist HealthCare, which maintains its headquarters at 1801 Research Blvd.
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