ORLANDO-New Boston Fund Inc. has acquired a controlling interest in Maitland Green I & II, two adjacent office buildings totaling 194,700 square feet, by paying off an existing $20-million loan at a discounted rate.

The Boston-based private equity firm declined to disclose financial details of the transaction, but state records show New Boston paid $10.5 million to Principal Financial Group to take out the first mortgage on the buildings. The note was held by Stiles, a Fort Lauderdale, FL-based commercial real estate firm, which purchased the properties in 2006 for more than $30 million as part of a joint venture with Chicago-based Capri Capital Partners.  

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