WESTBOROUGH, MA-The Boston office of Holliday Fenoglio Fowler LP arranged a$33 million acquisition financing for the four-building, 372,679-sf Westborough Office Park.
The team of Riaz Cassum and Coleman Benedict worked on behalf of the borrower, Windsor Realty Fund-IV, to secure the fixed rate, non-recourse loan through Nationwide Life Insurance Company. Windsor Realty Fund-IV is a co-investment joint venture between General Investment & Development, Spaulding & Slye and a corporate pension fund.
“Despite difficult market conditions, we were able to solicit strong interest from the lending community primarily due to the quality of the real estate and the strength of the sponsorship,” says Cassum, a senior managingdirector in the Boston office.
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