The funding, arranged by Michael Prakken and Sean McKenna, both with CBRE/ Melody's Boston office, was handled through Wachovia Bank. Terms of that financing deal were not disclosed.
The 12-story, 400,000-sf luxury apartment complex, which is currently being developed by Conroy at 2 Hancock St. on the shores of the Neponset River in Quincy, was sold in May to Northwestern Mutual Financial Network, a Milwaukee insurance and investment advisory firm, for an undisclosed sum that real estate insiders said topped $50 million. The project, designed by the Architectural Team of Chelsea and built by Lee Kennedy Co. Inc. of Boston, features a resident meeting room, library, health club and concierge service, along with a boat launch and walking paths that connect the property to a series of interconnected parks known as Boston's Emerald Necklace.
Officials from both Stoughton-based Conroy Development and Northwestern Mutual did not return calls from GlobeSt.com seeking comment.
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