Angelo Gordon & Co. and Jumbo Capital Management have acquired two office buildings in Newton, MA in a $62.3 million joint venture. Located eight miles west of Boston, the deal for the 332,194 sqf building on Wells Avenuewas closed by Holliday Fenoglio Fowler together with a a five-year, fixed-rate first mortgage in the amount of $47.13 million. The deal included a facility for future tenanting and capital costs. The buildings were 95 percent leased at the time of the sale with major tenants including EMC, Ericsson, and Ascensus.
