Director Janet Krolman of the Boston office of Holliday Fenoglio Fowler LP arranged the loan on behalf of North Shore Orthopedics Realty LLC to secure the 10-year fixed-rate loan through Citigroup Global Markets Inc.
Sports Medicine North, an orthopedic practice, together with the surgery center, lease 75% of the building for 20 years. A partnership between Sports Medicine North, the surgicenter and Smith and Nephew operate a medical and surgical learning center in this space. The remainder of the building is leased to third party specialists including MRIs of New England, Physiotherapy Associates and Cornell Orthotics & Prosthetics Inc.
The property, which was originally built in 1985, was renovated this past spring. Included in the renovations are the surgical center, the research and learning center, an on-site MRI suite and a redesign and modernization of the physician clinic area.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
