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WOBURN, MA-One of the region's most enduring commercial real estate firms has received $10 million in refinancing on a five-property, 260,000-sf portfolio here in suburban Boston's northern submarket. Fully occupied, the industrial buildings are owned by MDG Realty Co., an affiliate of the Begley Cos., whose roots in Woburn date to 1950.

The loan was obtained from John Hancock Life Insurance Co. through Holliday Fengolio Fowler's New England office. “The MDG industrial portfolio is great real estate,” says HFF director Anthony Cutone in announcing the agreement. “The Begley Cos. has done a terrific job keeping the properties well-maintained and well-leased.” Cutone, who worked with Begley Cos. president Doug Porter on securing the loan, praised both the borrower and lender for “a smooth execution” despite the upheaval in the capital markets that began to take hold in August.