NH Offices Land $50M Financing

PORTSMOUTH, NH-A quintet of office properties here has received a total of about $50 million in financing arranged by New York City-based Broadacre Financial. The CRE advisory firm did not identify the borrower; however, all five properties, both within and outside the Pease Tradeport complex, are part of the locally based Two International Group LLC portfolio.

Broadacre says two of the properties were financed by Wells Fargo Real Estate Capital Markets Group, which provided non-recourse loans. Largest of the five financing deals was for One Harbour Place, a 100,000-square-fot office property on the Portsmouth waterfront that Two International acquired in 2006. Its tenants include Morgan Stanley, Wells Fargo, Cambridge Trust and Optima Bank and Trust.