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AY Closes Almost 43,000 SF Deal Outside of Boston

WILMINGTON, MA-The suburban lease includes the chance to expand by another 10,000, kicking off this week's DEAL TRACKER.

By Rayna Katz | Updated on May 17, 2013

Avison Young has brokered a 42,872-square-foot lease at 301 Ballardvale Street, Wilmington, MA. The agreement includes an additional 10,000 square foot expansion option. Avison Young principal Jack Kerrigan, VP Mark Coelho and associate Colin Whitney represented the landlord, the Praedium Group LLC. Chris Lawrence and Matt Daniels of Jones Lang LaSalle represented the tenant, Proto-Pac Engineering Co., on this 8.5-year lease.

Also in Massachusetts, Love Funding has announced the closing of three loan re-financings, totaling $22.7 million, for a portfolio of skilled nursing facilities around the state. Senior director Leonard Lucas of the Boston office secured the loans through the US Department of Housing and Urban Development’s section 232/223(f) LEAN loan program for long-term care facilities. The facilities involved are Royal Cape Cod Nursing and Rehabilitation Center in Buzzards Bay, Royal Falmouth Nursing and Rehabilitation Center in Falmouth, and Royal Taber Street Nursing and Rehabilitation Center in New Bedford. The centers offer a total of 270 beds and are operated by Royal Health Group.

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