The property is an eight-story mixed-use office building, with ground-floor retail. Frazer Capital intends to enhance the building by improving accessibility, refurbishing the interior, and making upgrades to key areas, including the lobby. This marks a continued effort to revitalize one of Boston’s most historic neighborhoods, Downtown Crossing. The project comes at a time when major developments are underway in the neighborhood, including a slew of new retail and restaurants, and the much anticipated residential skyscraper Millennium Tower.
“Rockland Trust is excited to work with Frazer Capital on a project that expands our footprint in a crucial neighborhood undergoing exciting changes in Boston,” said Justin Comeau, Vice President of Commercial Lending at Rockland Trust. “This transaction reflects our support of the continuing growth and development we see across the city and we look forward to moving forward on this project.”
Frazer Capital & Co. was founded in 2010 by Paul O'Sullivan and his Boston-based partner, John Driscoll. The company has a portfolio that includes properties near Downtown Crossing on Washington Street and in the Back Bay on Newbury Street. In Boston, it seeks high quality commercial real estate projects to develop.
“We are very pleased to have worked with Rockland Trust on 41 Winter Street,” said John Driscoll, Principal at Frazer Capital. “We are committed to enhancing Boston’s office space and making sure that tenants are given the best accommodations possible.”
Rockland Trust’s Commercial Banking Group has more than 50 commercial lenders and 11 lending centers throughout Massachusetts and Rhode Island. With a lending capacity of more than $75 million, the Commercial Banking Team has broad experience in areas such as asset based lending, commercial real estate, construction and land development, equipment financing, commercial mortgages, and low income housing loans. In addition, the team can meet all the financial needs of its customers with additional services such as business deposit products, merchant and foreign exchange services, and cash management services.
About Rockland Trust
Independent Bank Corp. has approximately $7.2 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through telephone banking, mobile banking, and the Internet. Named in 2015 to The Boston Globe’s “Top Places to Work” list for the seventh consecutive year, Rockland Trust was rated the top Largest Employer to work for in Massachusetts. The Company is also an FDIC member and an Equal Housing Lender. To find out why Rockland Trust is the bank “Where Each Relationship Matters®”, please visit https://www.rocklandtrust.com.