(To read more on the debt and equity markets, click here.)

QUINCY, MA-ING Clarion Partners has received $16.2 million infunding to pay for the acquisition of 200 Newport Ave. in Quincy,an eight-story, 146,000-sf, fully-leased, class A office building.The firm acquired the property for $18 million in December, asreported by GlobeSt.com.

Riaz Cassum and Lauren O'Neil with Holliday Fenoglio Fowler'sBoston office arranged the five year loan with AIG GlobalInvestment Group. The financing includes a fixed-rate acquisitioncomponent and provides for future funding at a floating rate to payfor costs associated with the releasing of the building.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

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

Boston
Capital Markets
National
Office