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J.V. Closes on $62 Million Portfolio Investment in Suburban Boston

Angelo Gordon & Co., Jumbo Capital Secure $47 Million Loan for Purchase of Wells Research Center, Accompanying Office Bldg.
By Jeannie Reamer
March 18, 2016 | 9:37 P.M.

New York City-based Angelo Gordon & Co. partnered with local outfit Jumbo Capital Management to acquire the Wells Research Center in Newton, MA and an adjacent office building from Normandy Real Estate Partners for $62.3 million, or about $189 per square foot.

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