Director Janet Krolman of the Boston office of Holliday FenoglioFowler LP arranged the loan on behalf of North Shore OrthopedicsRealty LLC to secure the 10-year fixed-rate loan through CitigroupGlobal Markets Inc.

Sports Medicine North, an orthopedic practice, together with thesurgery center, lease 75% of the building for 20 years. Apartnership between Sports Medicine North, the surgicenter andSmith and Nephew operate a medical and surgical learning center inthis space. The remainder of the building is leased to third partyspecialists including MRIs of New England, Physiotherapy Associatesand Cornell Orthotics & Prosthetics Inc.

The property, which was originally built in 1985, was renovatedthis past spring. Included in the renovations are the surgicalcenter, the research and learning center, an on-site MRI suite anda redesign and modernization of the physician clinic area.