Commercial Real Estate Direct Staff Report GID Real Estate Investments has paid $139 million, or $526,515/unit, for the 264-unit Edison on the Charles apartment property in the Boston suburb of Waltham, Mass. The Boston investment manager bought the property from ...
Waltham Overlook apartments Wells Fargo Bank originated a $53.8 million Freddie Mac loan to help fund the venture's acquisition. The loan has a 10-year term. The sale and financing closed on March 20.
The property is fully leased to tenants that include Deciphera Pharmaceuticals, Boston Dynamics and ElevateBio.
Rockland Trust Co. has provided a $25.9 million loan to help fund Tritower's acquisition. The three-story building, which opened in 2000, is 78 percent leased.
82 percent leased.
Canadian Imperial Bank of Commerce provided a $79.9 million loan to help fund the acquisition.