DANVERS, MA-Permanent financing in the amount of $17.2 million was secured for the Tower at Northwoods, an 11-story, 184,616-sf Class A office building. The loan was arranged by Fantini & Gorga.

“The lender was able to appreciate the special qualities of this asset and to deliver a very competitive deal,” says George J. Fantini, Jr., chairman of Fantini & Gorga. The loan was placed with a major securitized lender on behalf of the client, a Boston area real estate investor.

Located in the Northwoods Business Park, which is 20 miles from Boston and near Routes 1 and 95, the 11-story tower is situated on an elevated site. The building is currently 100% leased. Copyright Clearance Center is its anchor tenant and its other tenants include Metropolitan Life, Smith Barney and Liberty Mutual.

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