News - Martignetti Real Estate executes $54 million refinancing with East Boston Savings Bank and Winchester Savings Bank
Caption: 304 Cambridge Road, Woburn (top), 237 Lexington Street, Woburn (bottom)
January 12, 2022
Martignetti Real Estate is pleased to announce its recent $54 million refinancing of a number of its office, industrial, R&D and retail properties with East Boston Savings Bank (now Rockland Trust) and Winchester Savings Bank.
“With a flurry of recent leasing activity, this was a great opportunity to refinance a number of our stabilized assets that have experienced strong leasing and growth in the market,” noted John Paul Martignetti. The group of properties located in Woburn and Wilmington are collectively 96% leased by a broad spectrum of quality tenants.
"It was a pleasure to work again with East Boston Savings Bank (Rockland) and Winchester Savings Bank on the refinancing of these assets. Both lenders facilitated smooth transactions on great terms," said Martignetti.
Martignetti Real Estate has a number of properties currently in the development / redevelopment pipeline and is actively pursuing additional acquisitions in the Greater Boston area. Martignetti is seeking to target value-add assets of all product type.
Martignetti Real Estate
Martignetti Real Estate is a full-service real estate investment firm headquartered in Woburn, Massachusetts with more than four decades of experience. Martignetti provides a best-in-class experience to tenants navigating through their real estate needs and allowing for maximum efficiency. Martignetti is focused on the acquisition, development and management of a well-established and accelerating portfolio of office, lab, retail, flex and industrial properties in Greater Boston.
For more information, visit Martignetti’s website at www.martignetti.co.