Woburn, MA – KS Partners announced that it has recently secured $45 million in financing through Marcone Capital, Inc. for two office parks in the Greater Boston area – Highwood Office Park in Tewksbury and Forbes Business Center in Braintree.
Highwood Office Park a 278,859-square-foot, three building office park north of Boston obtained $27 million in financing. Strategically situated on I-495 just one exit west of I-93, the property provides a high quality office environment that attracts both regional and national tenants. The park’s largest tenants include the headquarters of two well-known firms, international leader in the production of isotopes Cambridge Isotope Laboratories and accounting firm Moody, Faiglietti & Andronico.
With almost $2 million recently invested in common areas, this well-maintained office
park offers an amenity package that includes conference facilities, fitness center, game room, fullservice cafeteria, and basketball courts.
Forbes Business Center, receiving $18 million, is a three building office campus totaling 159,615 square feet. It is highly visible and prominently located at the intersection of Route 128 and Route 37 (Exit 6), one exit south of I-93 and Route 3. FBC provides tenants a vibrant atmosphere with recently renovated amenities including a full-service cafeteria, fitness center, and conference center.
Across from the South Shore Plaza and South Shore Place, tenants enjoy proximity to the new 110 Grill, Residence Inn, and Logan Express. The park recently underwent façade, entryway, and parking upgrades that make it a go-to building for firms in the area.
According to Mike Marcone of Marcone Capital “It’s a testament to the quality of the real estate and the sponsor that we were able to close these two loans in the middle of the current pandemic.”
“We are delighted that our banking partners recognize the tremendous value of these world-class assets located in dynamic Boston suburbs,” stated Kambiz Shahbazi, president and founder of KS Partners.
