Fantini & Gorga has arranged a $17-million loan to finance the acquisition of a 125,000-sf office/warehouse. The building at 10 Presidential Way has been purchased by Nordic Properties of Burlington, which has launched an extensive renovation of the structure.

“This property is an excellent example of Nordic’s skill at identifying real estate opportunities and creating value,” says John Gorga, a principal at the mortgage banking firm that secured the note. “The redevelopment is a grand example of the intelligent reuse of this well-located property.”

Nordic is adding 40,000-sf to the building, which has prominent visibility along Interstate 93 and is just two miles from Route 128. Nordic Properties vice president Dan Bowen says activity has been strong for the building, estimating that 90% of the space has already been leased. Nordic and its parent, the Nordblom Co., control nearly 7 million sf of commercial property investments locally.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.