Campanelli Co Purchases Commercial Real Estate in Quincy

Quincy, MA – Campanelli Co. has recently announced that they’re going to purchase the 300 Crown Colony Quincy office building. The building has over 118,000 ft.² and is structured for office use. Campanelli is a full-service real estate brokerage firm that buys and sells in the local Quincy Real Estate market.

300 Crown Colony is located at the intersection of Interstate 93 and Routes 128 and 3. In addition to having an office type layout the building also has a 25,000 ft.² cafeteria and outstanding corporate visibility.

The purchase of 300 Crown Colony is estimated to net Campanelli Co. profits in the millions over the next five years. The office is most likely going to be split up into multi-tenant office space and leased to complementing businesses. Some of the local anchor tenants in the near vicinity of the office building include businesses such as the Boston Marriott Quincy hotel, State Street Bank, Harvard Pilgrim Health Care, Arbella Mutual Insurance Company and Boston Financial Data Service.

Campanelli Companies has been helping commercial tenants reach their strategic objectives for the last 60 years. The company actively participates in several civic and charitable activities that increase the gentrification of the local community. They are a full-service brokerage firm that handles every aspect of commercial development.

Including, site selection, feasibility analysis, local, state and federal permitting, architectural and engineering design, building construction, as well as facilities and property management. Campanelli serves more than 16,000,000 ft.² of commercial posted property in the local area. The firm was established in 1947 as a private real estate development company that works with banks insurance company pension funds and real estate investment trusts.

Holliday Fenoglio Fowler LP said that they have finalized an $8.6 million structured loan allowing Campanelli Cos. to purchase 300 Crown Colony.

“HFF’s unique knowledge, broad capital markets relationships and national platform enable them to arrange the most favorable financing/equity raise or sale for your commercial property. With a history of performance spanning more than 30 years, they offer the services of over 300 experienced industry professionals who operate from offices in major and secondary markets throughout the country.”

The fixed rate loan was purchased through Boston Private Bank & Trust. The loan proceeds will be used to both purchase the complex and provide for Capitol building improvements.

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