L.J. Melody arranges an Olympia Ave. loan.L.J. Melody & Company has arranged permanent fixed rate financing for 39 Olympia Ave. in Woburn, Ma. Built in 1960, the property features masonry masonry: see brick; concrete; stonework; tile. masonry Craft of building in stone, brick, or block. By 4000 BC, Egypt had developed an elaborate cut-stone technique. block and metal paneling construction. Additions and renovations were made to the east, south and southeast sides of the building in 1954. The one-story light manufacturing/distribution facility has 77,000 s/f and is situated on a nine-acre site located on the northerly side of Olympia Avenue. The property provides easy access to the intersection of Interstates 93 and 95. VinCo Properties acquired the industrial facility in August 2003 from Concepts NERC NERC Natural Environment Research Council (UK) NERC North American Electric Reliability Corporation (Princeton, New Jersey, USA) NERC Northeast Recycling Council NERC National Environment Research Council in a leaseback transaction in which Concepts executed a 15-year lease for 44,000 s/f. Interim financing Interim financing A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing. interim financing The financing that supports a transaction until permanent financing can be arranged. at closing gave VinCo adequate time for property improvements and procurement of tenants for the remaining available space. The facility is now 100% leased. In addition to Concepts, other tenants include Canteen Corp. and Velocity Express Corp. PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank provided the funding on behalf of Taking Care of Business, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Michael Prakken, a director in L.J. Melody & Company's Boston office, secured funding for this transaction. |
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