Boston, MA, July 23, 2020 – Boston law firm Sherin and Lodgen LLP announces that its Commercial Finance Group represented Breed’s Hill Capital, a Boston-based investment firm, in equity financing for the purchase of the Campus at Marlborough, a 531,916-square-foot office campus in Marlborough, MA.
The acquisition was a joint venture with Greatland Realty Partners. The seller of the office park was an affiliate of Hines Global REIT.
The Campus at Marlborough includes three interconnected office buildings and an amenity building located at 100, 110, 250 and 350 Campus Drive that were developed in 1999. The amenity building at 110 Campus includes a full-service cafeteria, outdoor seating areas, a fitness center, four meeting rooms, and a 3,400-square-foot auditorium that can seat as many as 300 people. The office campus stretches 121 acres and also includes an undeveloped parcel to support new construction potentially as large as 650,000 square feet. The portfolio is leased to various tenants including medical tech company Hologic.
The Sherin and Lodgen team was led by Gary M. Markoff and Ian T. Lane. Markoff is a partner in the firm’s Real Estate and Corporate departments. He works with clients primarily on business, corporate, and real estate transactions, as well as bank financings. Lane is a partner in the firm’s Real Estate Department. He concentrates his practice on complex financing transactions, including CMBS loans.
The national Commercial Finance Group at Sherin and Lodgen is made up of lawyers with expertise in environmental, tax, zoning, and title and leasing issues. The group has extensive experience working with both lenders and borrowers, which helps them provide clients unique insights from both sides of deals.