June 12, 2014

NorthMarq Capital arranges $3.5 million refinance for 175 Highland Avenue office building in Needham, Massachusetts

175 Highland Avenue

Debt & Equity

Multi-Tenant

BOSTON (June 12, 2014) – Joseph Hegenbart, and Ryan Demadis, producers in NorthMarq Capital’s Boston based regional office arranged the $3.5 million refinancing for 175 Highland Avenue, a 39,640 sq.ft. office building located in Needham, Massachusetts. The transaction was structured with a 10 year term and 25 year amortization schedule. NorthMarq arranged financing for the borrower, Winhall Realty, LLC through its relationship with a correspondent life company. Major tenants on the property include Practical Computer Applications, Foodtec Solution Inc. and Heifetz Rose LP. “In a very competitive market the loan closed smoothly due to the expertise and the experience of both the borrower and life company lender,” said Hegenbart.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Transactions