Rockland Trust Partners with Synergy Investments to Finance Acquisition of Boston’s Majestic Old City Hall

MEDIA ADVISORY BOSTON (August 4, 2017) – Rockland Trust today announced the loan of $20 million to OCH Holdings, a subsidiary of Synergy Investments, to help acquire the Old City Hall building located at 45 School Street in Boston. The building, an architectural gem constructed between 1862 and 1865 and completely renovated in 1972, is 9-stories with 83,700 square feet and is situated along the world-famous Freedom Trail. The property is 95.8% occupied and its tenants include: Welch & Forbes LLC, Regan Associates, Swartz & Lynch, Houser & Allison, and Kaymbu. It has one unit on the ground floor which is occupied by Ruth’s Chris Steak House. Synergy Investments is a full service real estate investment and operating company primarily focused on the Boston market.