Oliver Street Capital secures $12.6m to refinance flex/R&D building

Oliver Street Capital secured a $12.6m loan to refinance a flex/R&D building in Tewksbury, Massachusetts. Sitting on a 10.5-acre site, the facility totals 102,200 sq ft. The single-story building is currently leased to Mycronic, a Swedish high-tech electronics assembly, display and packaging developer and manufacturer. JLL worked on behalf of the borrower to secure the funding through UniBank.

“Having purchased the asset last year, it has been exciting watching the team at Oliver Street fully lease the building in such a short amount of time,” said Brett Paulsrud, senior director at JLL. “They have executed flawlessly on their business plan, and I am happy to have been a part of it.”