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PORTSMOUTH, NH-First mortgage financing was nailed down for the Commerce Way Portfolio located right off the exit near Route 95. The $11.75-million loan was arranged by Meredith & Grew Inc. ONCOR International’s executive vice president David M. Douvadjian and vice president Jeffrey K. Charneski, both of the firm’s Finance and capital Markets Group. The pair procured the financing from Bear Stearns & Co. Inc.

The Commerce Way Portfolio consists of 233,953 sf located in five buildings. The buildings range in size from 35,000 to 60,000 sf each and are located at 135, 195, 210, 215 and 230 Commerce Way.

Three of the buildings have three stories while the other two are one-story structures. Among the buildings’ features are steel and concrete frame and state-of-the-art gas heating and air conditioning systems. The Commerce Way Portfolio is the area’s largest suburban office park outside of Pease Tradeport.

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