Eastern Bank provides $30.39m refinancing loan for Cambridge, MA office building

5 April 2016

Griffith Properties and Artemis Real Estate Partners have secured a $30.39 million refinancing loan for a multi-tenant office building in Cambridge, Massachusetts. Holliday Fenoglio Fowler worked on behalf of the borrowers for a three-year, floating-rate loan through Eastern Bank. The property secured by the mortgage, 10 Fawcett Street, is a 134,561 sqf building located in the Alewife area of Cambridge, less than one mile from the Alewife MBTA station. Renovated in 2011, the six-story property is fully leased to tenants including General Services Administration, Raytheon BBN Technologies and Accion International.

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