Regions Northeast | Boston
GE Real Estate Provides $55M Loan for Boston Office Acquisition
Nov 15, 2007

GE Real Estate has provided a $55.65 million on-book loan to a joint venture between a fund sponsored by Urdang Capital Management Inc. and Griffith Properties for the purchase of Burlington Woods, a three-building, class A office park located along Route 128 north of Boston, Mass.  The borrower plans to lease up the property’s upcoming vacant space to market rents. The property consists of 288,953 square feet on 17.34 acres. It features a walking and jogging trail, which connects the property to the 200,000-square-foot Wayside Commons Lifestyle Center, and is surrounded by such amenities as the Burlington Marriott Hotel, the Burlington Mall and Lahey Clinic.

 
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