Candee Investments received the funding through NorthMarq Capital Inc., of Minneapolis. Sun Life Assurance Co. of Canada provided the loan for the 260 Cedar Hill St. purchase.
Tricia Costi, a senior investment analyst with NorthMarq, tells GlobeSt.com that the money was used solely to purchase the freestanding structure, which is located about a half-mile from Route 495. The building is occupied by two tenants: a pharmaceutical firm, Cetek, and a high-tech company, Pelago Networks.
The 4.59-acre property is situated in the rapidly growing Route 495 corridor near some of the area's top firms, including include 3Com, Fidelity Investments and Hewlett Packard. Candee Investments could not be reached for further comment.
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